NG - On 23rd Dec 2020, NG was in super uptrend and it started its real fall from levels of 202.40 which can be seen from Moving average crossover.
Earlier also 200 was resistance and today also it failed to hold 200 levels and fallen from there.
Closing was below the trendline made by joining highs.
Hence, my Positional Call is sell NG @ 198.50, SL 202.40 ,...
The above analysis is based purely on price action & chart patterns.
The analysis is done on 60 min TF, hence it may take price to reach the targets in few days to few weeks.
Trade setup along with Entry levels + SL & Targets are given in image itself.
Traders must do their own study before entering into any trade. They must trade with their own money & risk...
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.