Natural Gas breaks minor resistance at 1.805,targets 1.954/2.015
Minor resistance – 1.804 (trend line joining 1.954 and 1.843)
Major resistance – 1.8680 (trend line joining 2.310 and 2.166)
The commodity has broken minor resistance 1.804 and jumped till 1.8310 level. It is currently trading around 1.8150.
On the higher side major resistance is around 1.8680 and break above confirms minor trend reversal , a jump till 1.9540/2.015 is possible .
Minor support is around 1.750 and break below targets 1.709/1.6340.
It is good to buy at dips around 1.810-15 with SL around 1.760 for the TP of 1.954/2.015
Major resistance – 1.8680 (trend line joining 2.310 and 2.166)
The commodity has broken minor resistance 1.804 and jumped till 1.8310 level. It is currently trading around 1.8150.
On the higher side major resistance is around 1.8680 and break above confirms minor trend reversal , a jump till 1.9540/2.015 is possible .
Minor support is around 1.750 and break below targets 1.709/1.6340.
It is good to buy at dips around 1.810-15 with SL around 1.760 for the TP of 1.954/2.015