Hello Welcome to this analysis about NATURALGAS , we are looking at daily timeframe perspectives. NATURALGAS in recent times heavily increased with bullishness however it now moved into an overbought condition. NATURALGAS is developing here that will be a decisive factor in the upcoming times. I discovered the main formation NATURALGAS is developing here that...
Hi everyone! In the idea of June 30 I waited for the beginning of reduction of price of gas. However, the price rose by new height. Despite this, my opinion did not change and I consider that gas is close to a turn. Technical indicators, including CCI point to it. TP1 = 3.539 TP2 = 3.046 Information provided is only educational and should not be used to take...
Natural Gas at strong resistance.It took resistance from strong supply zone.All details mentioned in chart.
Hi everyone! Gas price is big falling now in the beginning. The price reached resistance and 3.36 will be the first purpose. Also point technical indicators to a turn. Information provided is only educational and should not be used to take action in the market.
I was wrong about natural gas last week but I am taking another shot here with a stop above 2.900. Maybe this time it will reverse.
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 ,...
Price is moving inside a Falling wedge, generally we will buy after a breakout of the falling wedge
Date: 03 Dec 2020 Time: 9PM (IST) Natural Gas (CMP: 189) Head & Shoulder Pattern with price breakout below 10, 20 & 50 Daily EMA levels at the same time. Consistent and rising sell volumes in the last 5 days and RSI sharply going down below 50 levels. Natural Gas is headed downwards. Target 130. Target time 03 Feb 2021 (46 Sessions) T1-165, T2-145, T3-130 SL 145
It's a SHORT here - then see --> arrows.
TREND IS DOWN FOR A WHILE LETS HOPE IT TURNS BEARISH FROM THERE
Market already on the move, structure a clear bear channel that has already broken, more dump to follow. Trade at your own risk, analysis based on technicals only.
The volumes and patterns are very important in any analysis,
Please wait for the next candle to decide what to do, Kind regards
Please share with me your thoughts, kind regards
On the chart above, we have plotted three different MAs on the 1-hour chart of MCX Natural gas futures. As you can see, the 62 MA is indicating a downtrend ahead. And 5 MA & 30 MA are crossing each other for a reversal. This reversal can be for 174 to 180 levels. But according to the support & resistance trendline, we may see continue price collapsing. I...
The market goes back down but two resistance could limit the fall And don ‘t forget to take your profits…
Oscillator at overbought Regular divergence R1 Pivot pt Limit sell order at 1.82, SL at 1.83, TP at S1