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
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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
Natural Gas RetestNYMEX:MNG1! Was in a megaphone/expanding wedge, which formed at the end of August.
This pattern consists of two diverging trends, with the shallower trend having a higher probability to break simply due to the effort required for price to maintain the steeper trend.
Price broke to the downside co
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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.