NATURALGAS trade ideas
Triangle pattern with target levels 2.900. Looking into higher time frames it is cleat that Price formed Flat Top and falling bottom pattern and currently it is moving towards the resistance levels that is the Flat top 2.900 levels.
At present price is forming a triangle pattern and it is rejecting and taking support exactly on the lines.
Wait for the price to reach the trend line and get into the trade if you are aggressive else wait for the break and enter the market.
NATGAS Update and New Trading SuggestionMidterm forecast:
2.200 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 2.200 is broken.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
While the RSI uptrend #2 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 1.640 on 07/20/2020, so more gains to resistance(s) 2.500, 2.700, 2.950 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 74.
Trade Setup:
We opened 10 BUY trade(s) @ 1.94 based on 'previous Forecast' at 2020.07.29 :
Total Profit: 313 point
Closed trade(s): 109 point Profit
Open trade(s): 204 point Profit
Closed Profit:
TP2 @ 2.00 touched at 2020.08.03 with 6 point Profit.
TP3 @ 2.10 touched at 2020.08.03 with 16 point Profit.
TP4 @ 2.25 touched at 2020.08.04 with 31 point Profit.
TP5 @ 2.50 touched at 2020.08.17 with 56 point Profit.
6 + 16 + 31 + 56 = 109 point
Open Profit:
Profit for one trade is 2.45(current price) - 1.94 (open price) = 51 point
4 trade(s) still open, therefore total profit for open trade(s) is 51 x 4 = 204 point
New Trading suggestion:
. There is still a possibility of temporary retracement to suggested support line (2.330) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP5= 2.500
TP6= 2.700
TP7= 2.950
TP8= 3.350
TP9= 3.700
TP10= Free
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NATURAL GAS LOOKING BULLISH...! 09-06-2020NATURAL GAS IMP LEVEL IS 1.80 (CURRENT SUPPORT)
BUY ABOVE 1.83
TARGET 1.98
SL 1.75
INTRADAY TRADE FOR TOMORROW
There is a trading opportunity to buy in NATGASMidterm forecast:
. While the price is above the support 1.550, beginning of uptrend is expected.
. We make sure when the resistance at 2.250 breaks.
. If the support at 1.550 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
. While the RSI downtrend #1 is not broken, bearish wave in price would continue.
. A peak is formed in daily chart at 2.024 on 05/20/2020, so more losses to support(s) 1.800, 1.700 and minimum to Major Support (1.550) is expected.
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. Relative strength index (RSI) is 47.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (1.800 to 1.700). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.800)
Ending of entry zone (1.700)
Take Profits:
TP1= 1.900
TP2= 2.000
TP3= 2.100
TP4= 2.250
TP5= 2.500
TP6= 2.700
TP7= 2.950
TP8= 3.350
TP9= 3.700
TP10= Free
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ForecastCity English Support Team ❤️
Natural Gas at resistanceWait for the breakout of trend line to make an enter
Check the chart for levels
12 DAYS +16.31%: NATURAL GAS FOLLOWUP TRADE PLAN OF 19 APR 20View for long was posted on 19 Apr 20 & Natural Gas hit2 targets with profit of +16.31%
Followup trade
closed
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
Dhiraj Singh Bais
Warrior @ Battle field
Don't miss the great buy opportunity in NATURALGASTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (2.1). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NATURALGAS is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 2.340
TP2= @ 2.518
TP3= @ 2.937
SL= Break below S2
IS SOMEONE ACCUMULATING NATURAL GAS!!! IF YES +25% SEEMS GOOD!!!Price action seems like accumulation is underway. If we witness a breakout Immediate target of $2.3 is quite possible.
Long on pullback will be a good idea.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind
Dhiraj Singh Bais
Warrior @ Battle field
