Trading Natural Gas.

[ashu1234]

Natural Gas Exit needed to be refined. With 3.856 in sight, on mcx partial booking can be done below 232, and longer term targets are 228 and 222.

 

[ashu1234]

3.856 low again on expiry.:thumb::thumb:

 

[ashu1234]

Closing the short on 231.50, will reenter on break on 3.856 or on upper levels.

 

[ashu1234]

Natural Gas consolidating at 3.856, exited the position and couldn't re-enter as the price was taken down by the currency appreciation. Today's low 227.90, Hit the level which I way eying yesterday.
Couldn't keep my position open. Anyways will time it some other time.

 

[ashu1234]

Natural Gas Exit needed to be refined. With 3.856 in sight, on mcx partial booking can be done below 232, and longer term targets are 228 and 222.
[/QUOTE]

Natural Gas close to (longer term :D:D) target 222, quoting currently at 224.

[IMG]http://i41.tinypic.com/2u8e8hi.png

 

[ashu1234]

Natural gas todays low 222.40, consider second target of 222 done.
Currently N.G quoting @ cmp 223, good place to buy from here and on dips with stop loss of 218. Targets 228, 232. :thumb:

 

[ashu1234]

Natural gas todays low 222.40, consider second target of 222 done.
Currently N.G quoting @ cmp 223, good place to buy from here and on dips with stop loss of 218. Targets 228, 232. :thumb:

Yesterday was expiry of natural gas, as it was positional call keep longs open with same stop loss 218 (yesterday's low 218.70).

 

[ashu1234]

Natural Gas High 227!!
Now keep eye on 232 :thumb:

 

[ashu1234]

Hi,
Today natural gas gave a "Bearish Crab:: pattern completion on comex. As mentioned earlier level to watch on upside was 4.455 on 18th march, though it missed to reach that level by few points, but I hope pattern is complete and we can see downside levels of 3.5 and below.

Larger Trend of Natural Gas is still continuing. Has not exactly touched 3.5 projected level of bearish crab but target is on the dot, can be taken out in coming days. 3.5 being the first target, further downside will lead to 3.083 levels. All said and done trading on mcx against depreciating currency couldn't yielded much as a larger part of the downside was negated, but to the best of my attempt we have traded both Lower Lows, and Lower Highs in the trend on both of the sides Long and Short(check previous posts).

Going forward if currency remains range bound in 59-60 levels, and if we can get a breakdown of 3.5 on comex, we can expect target of 190 Rs on MCX in coming days.

All the best!
:thumb:

 

[ashu1234]

Larger Trend of Natural Gas is still continuing. Has not exactly touched 3.5 projected level of bearish crab but target is on the dot, can be taken out in coming days. 3.5 being the first target, further downside will lead to 3.083 levels. All said and done trading on mcx against depreciating currency couldn't yielded much as a larger part of the downside was negated, but to the best of my attempt we have traded both Lower Lows, and Lower Highs in the trend on both of the sides Long and Short(check previous posts).

Going forward if currency remains range bound in 59-60 levels, and if we can get a breakdown of 3.5 on comex, we can expect target of 190 Rs on MCX in coming days.

All the best!
:thumb:

Updating Natural gas after a looong time
NG is close to achieving its long term target of 3.083, the last move can be extended to below 3$, level on further downside is 2.980.
Again on MCX we are deprived of shorting scrip which is actually bearish in nature due to currency depreciation, if we take out currency adjustments in this last 3 months bearish wave which originally started in the beginning of may, we could have easily seen natural gas trading near 150 Rs or below at MCX. Anyways before the winter season arrives this year natural gas can easily be hammered to 2.5$ and below which again will produce buying opportunities.