Get started
Jha_Nidhi

Natural Gas BULLISH DIVERGENCE on DAILY TF

Long
Natural Gas Futures (MCX:NATURALGAS1!)  
Jha_Nidhi  
MCX:NATURALGAS1!   Natural Gas Futures
Trend Lines Multiple Time Frame Analysis Technical Indicators rsibullishdivergence dailychart rsi_divergence techincalanalysis technicalindicators
2
0
trendline mtfa indicator rsibullishdivergence dailychart rsi_divergence techincalanalysis technicalindicators
The price trading at Lower level and there is RSI BULLISH DIVERGENCE also on weekly chart which indicating that price has not much momentum and strength to go further downside .On the daily chart, the RSI indicator is also close to crossing below 30, Signaling overbought conditions.

👉 RSI DIVERGENCE does not confirm that the price will reverse but divergence indicates that the price does not have the strength to go down. So for any upside view let the price confirms the strong Reversal for any upside momentum.✅
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.