Natural gas is in strong buying zone, one can consider buying Feb/march future and hold it for long time ....
Wait for the confirmation to break the channel ... and then enter as per your risk.
Gautam Khanna
Technical Analyst by Passion
Hello,Traders!
NATGAS broke the strong
Horizontal support of 2.5$
And the breakout is confirmed
So I am bearish biased now
And will be expecting
A further move down
Sell!
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Take a look at our analysis for NG1!.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 2.468.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2.366 level.
P.S
Overbought...
✅NATGAS is about to retest
The horizontal resistance
Of 2.550$ from where I think
We are likely to see a move down
SHORT🔥
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✅NATGAS is trading in a
Downtrend and the price
Broke the key horizontal
Level of 2.5$ which reinforces
Our bearish bias and makes
Us expect a further move down
SHORT🔥
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Natural Gas is very consistent with its long term patterns and in particular Cycles that have been in effect since the 2008 crisis. The dominant pattern since then has been a Channel Down and with the application of the Fibonacci levels we get a good understanding of the Cyclical phases. We need to look at the 1W timeframe for that, where the technical is already...
Currently MCX:NATURALGAS1! Its Trying to Take support Near 191-193 Level and its very Crucial Level of Naturalgas so if anyone is ready to take risk can buy Naturalgas December Near 192-193 Level SL 180, Target 210,215,223
This message is for informational purposes only and should not be considered financial advice. It is crucial to conduct thorough research...
Hello,Traders!
NATGAS fell down following
The collapse of oil but
Has now reached a horizontal
Support of 2.430$ from where
We are already seeing a
Bullish reaction so I think
That the price will go up
Buy!
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My dear friends,
Please, find my technical outlook for NATGAS below:
The price is coiling around a solid key level - 2.552
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 2.750
Safe Stop Loss - 2.437
About Used Indicators:
The pivot...
NATGAS fell down following
The collapse of oil but
Has now reached a horizontal
Support of 2.430$ from where
We are already seeing a
Bullish reaction so I think
That the price will go up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Hello there!
I am a big fan of the Elliott Wave Principle, which is very interesting and useful for analyzing the market. I have developed my analytical approach by combining the principle with my personal experience and considering various scenarios that may occur in the market.
Although I want to share my analysis with you, I want to emphasize that I do not...
Ngas broke channel structure and is heading lower.
This is interesting, if energy gets low then inflation will fall
and rates and the dollar will come down.
