Plotted is my indicator Rekhi144 and it is showing that the resistance has also been broken and fresh support have been created in natural Gas.
Please wait for 3 more candles above support. Next time candles have been reflected on the chart also.
Disclaimer: I am not a Registered Analyst with any of the National/International agencies. Please consult your...
XNGUSD || Update |Feb 21st
Timeframe: 1-hour
After a gap-up opening, Natural Gas (NG) appears to be range-bound.
Strategy: Currently, the trend suggests a move towards the resistance level at 1.861. The price action indicates a consolidation phase, and the market is poised for a potential upward movement.
Key Level: Keep a close eye on the resistance level...
🔸Timeframe: 4 hour
🔸Strategy: Bearish then Bullish
🔸XNGUSD expected trade above1.648, if sustain above it we can see further higher.
Rejection near 1.85 - 1.8
🔸US natural gas futures hit $1.55/MMBtu, lowest since June 2020, driven by high production, 🔸storage, mild weather, and Freeport LNG's export issues.
Winter's warmth increased inventories 15.9%.
Please refer to my previous live market analysis on this commodity where recommended buy at 1.618. Plotted is my wonderful indicator Rekhi144 which shows it has made a solid base at this price and closed at around 1.65. You can vouch that it is still in bearish mode because of following reasons:
(i) There is imbalance in left and right shoulders.
(ii) price...
Natural Gas has made head and shoulder pattern. You can vouch my indicator is showing a white dot on the right most side at 1.618 it is the right shoulder. Buy and forget. Immediate target 1.8 as shown by pink line above
Disclaimer; I am not a registered analyst with any of the National/International agency/ Please consult your financial advisor before making...
Please read the notes on the chart and act accordingly.
Disclaimer. I am not a Registered Analyst with any of the National/ International agency and it is only for educational purposes. Please consult your financial advisor before making any decision.
Natural Gas started its impulsive wave from 22 june 2020 and complete a 5 wave stucture on 6june 2022.
After that it form a flat correction from june - October and then after form a X wave and now it continues in a zigzag correction whose A & B wave are complete.
Now it in C wave that has same corrector as a impulsive wave .
So go on short on every rise with...
Buy NG above 1.7138 only.
Disclaimer
I am not a registered analyst with any National/International agency. Please consult your financial advisor before making any decision. This is only for educational purposes and I will not be responsible for any of your profits or losses.
Please read the notes carefully on the chart and act accordingly.
Disclaimer:
I am not a registered analyst with any of the national or international regulatory authority. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses. This is only for educational purposes.
Let you grow. May! I...
1.8315 is the magical figure for Natural Gas. Please read the notes on chart as well, have patience and from here a lot of money will accrue in the commodity. It is not likely to be broken as per my view. If that is also broken then do not enter at all unless prices are retraced again above 1.8315,
Disclaimer: I am not a Registered Analyst with any...
Please check the gap in weekly chart marked by white arrow on the extreme left. it will act as a strong support.
Disclaimer: I am not a registered Analyst with any national or international agency. Please consult your financial advisor before making any decisioon.
Catch Natural Gas at the low of 52 weeks as shown by the red waves.
Next Time candles have been provided on the chart itself.
Disclaimer: I am not a registered Analyst with any of the National/ International Agency. Please consult your financial advisor before making any decision.
You can vouch that natural gas price is taking support at low of 5th February 2024 till now and today's next candles are
2-6-24 7:38 PM
2-7-24 12:04 AM
Check my indicator it is extending trend line from low of 5th and 6th February 2024, but these are two candles only and vulnerable once tomorrow's candle is make and low of that candle is not broken, the trend...
Please do not short Natural Gas and Indian Stocks like UPL, Rajesh Exports, lux Industries, PEL etc.
Watch the lows of these stocks on 5th February 2024, these will not be broken, but recovery may be very fast or market may remain very slow to bring moving averages down. Be patient, please use EMA 144 in 1 hr chart. I will share individual details of these...
Please read notes as mentioned on the chart and act accordingly.
Disclaimer: I am not a regisered analyst with any National or International Agency. Please consult your financial advisor before making any decision. It is only for educational purposes and not a recommendation.
Let you grow, May! I follow you.
🔸Timeframe:1 hour
🔸Strategy:Short
If fail to sustain above 2.050, then further downside will be seen like 1.983
Natgas prices hit a 9-month low after EIA reported a smaller-than-expected draw in inventories, influenced by warm U.S. temperature
Please refer to my earlier coverage on the commodity and read drawings on the chart itself, every thing will be crystal clear.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits/losses. This is only for...
With 7:52 candle today which was pivotal , Natural Gas has made its base. Now it has a very strong support at 2.083, which is not likely to be broken.
Please remain invested unless this level is broken.
Disclaimer: I am not a Registered Analyst with any National/International Regulatory Agency. Please consult your financial advisor before making any decision....
