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AATHIE
Aug 23, 2022 2:20 AM

Natural Gas Support and resistance level for 23.08.2022 

Natural Gas FuturesMCX

Description

Plot the the levels in your chart. Draw fib level from support and resistance. Please refer previous day chart for fib level. Fib level range should be 9 am to 11:30 PM.

If price crosses fib trendline(Dash line) will consider as upside break out. If price reject from there will consider to fall below.

if one support or resistance line broken maximum target will be 1.272 or 1.1618 fib level. Moving above 1.618 fib level is very rare scenario.
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