NATGAS Massive Long! BUY!
My dear friends,
Please, find my technical outlook for NATGAS below:
The price is coiling around a solid key level - 2.955
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goa
Related commodities
Natural Gas Probable price movementPros
-In 4 hour chart price is near the Demand zone. can push the price up.
cons
- trend is down so not advisible to go long immediately.
conclusion
- if price shows any kind of uptrend from demand zone can go long.
- if price breaks the zone then price may come down eventually.
Natural Gas MCX Future Intraday Technical Analysis 17 Sept., 25 Natural Gas is trading firmly at 274.4, sustaining above the crucial Neutral Zone (274.1) on the 1-hour chart. The structure remains bullish as price consistently forms higher highs and follows the established upward channel from support levels.
Key Levels and Trade Plan
Long Entry: 272.15
Targets
See all ideas
Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of French PEG Natural Gas Futures is 32.145 EUR / MWH — it has risen 1.54% in the past 24 hours. Watch French PEG Natural Gas Futures price in more detail on the chart.
Track more important stats on the French PEG Natural Gas Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For French PEG Natural Gas Futures this number is 4.92 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for French PEG Natural Gas Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for French PEG Natural Gas Futures. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of French PEG Natural Gas Futures technicals for a more comprehensive analysis.