QG1! trade ideas
NATURALGASHi, in this chart i drew a good Deamand and Supply level for Short and Long Positions in NATURALGAS...please Observe this levels and Analysis your own... Don't Take any orders Based on this Chart because this is just Observation purpose only.
I Observed these Levels based on price action and Demand & Supply which is My Own Concept Called "PENDAM ZONES" ... Don't Take any trades based on this chart/Post...because this chart is for educational purpose only not for Buy or Sell Recommendation.. Thank Q
Does Natural gas Will Break Resistance ? $MCX:NATURALGAS1! MCX:NATURALGAS1!
As Per Technical Analysis and Charting Looks Like Natural Gas will Face Strong resistance Near 221-223 Level if its break then another resistance Will be 237-240 and if its break with Volume then we can see 260,280,300 level in Near Term.
Current support Level is 205-202 if its break then we can see 190,180 level but currently its looks difficult to break.
This analysis is only For Educational Purpose.
MCX:NATURALGAS1!
Natural Gas Price Analysis: Waiting for Confirmation Above 240Based on the analysis of the natural gas inventory data and other indicators:
Inventory Data: The actual inventory is less than the forecasted, indicating that the supply is less, and the demand for natural gas is high.
Price Action : The price action appears to be bullish.
Price Level : However, to confirm the bullish trend, natural gas needs to cross above 240.
RSI : The Relative Strength Index (RSI) is below 50, indicating that it is not in the overbought zone and suggesting a potential for further upward movement.
EMA Crossing : The Exponential Moving Average (EMA) crossing (9,21) is showing a sell signal, which might be a potential bearish sign.
Considering all these factors, it would be better to wait until the price of natural gas crosses above 240.5 and sustains above that level to confirm the bullish trend and potentially consider a long position. Traders should monitor the market closely for a clear confirmation before making any trading decisions.
Naturalgas Looks BullishAs Per technical Analysis and Data Naturalgas Looks Bullish,
I am Planning to Take long Entry Near 220-221, stop Loss 213 Target 232,235,240 and if its sustained above 245 then probably we can see 260 level.
Investment - 85000
Maximum Loss -8750
Profit Upto - 25000
Time Frame 7-10 Days
Intraday Sell natural gas As per volume and technical Analysis Looks Like if Natural gas Breaks 226.20-226 then will take short entry.
Indicators -
Super Trend and Keltner Channels Strategy
Only for risky Players
Sell Natural gas Below 226, Stop Loss 228.20,
Target 222.50,220
Only For Educational Purpose.
Natural Gas Will take Support ShortlyAs per technical Analysis Looks like Natural gas is on sell side but as per chart it will take small support Near 204.50 level and if its break then possibly it will test 200,196,193 level.
Considering this ill buy Natural Gas near 205 and ill keep stop loss as 201 level. Target 211,214
Only For educational Purpose.
Expecting Bulls Will take Control As per Technical analysis and Fibonacci Retractarcment Natural Gas Looks Bullish. Considering this buy Natgas mini August Future Near 208 stop loss 204 Target 215,218,222,225
Investment Required 21000
Maximum Loss - 1000
Profit Upto -4250
Only For Educational Purpose.