Trading Natural Gas.

[ashu1234]

Natural did hit the target overnight at comex and rebounded exactly from 4.065 level but of no use for mcx. It has opened above 4.1 so better to book whatever we can get and wait for further signal.

 

[ashu1234]

Natural gas loosing momentum at 4.121 level. Shorts can be initiated here with 4.150 as sl. for target 4.035.

 

[ashu1234]

Natural gas inventory @ 8pm, Expecting long awaited downfall.
Hope we can get today. Targets on chart.

 

[ashu1234]

SL triggered as created high of 4.153, but not decisive as failed to close above it. on downside it created low of 4.045 missed the target just by .010 cents. Keeping shorts open and will wait for decisive close above 4.150 level to close shorts.

 

[ashu1234]

 

[ashu1234]

Natural gas is consolidating in 30 cents range(4.240-4.270). Shorts can be initiated here but on safer side wait for the break of 4.240 to enter into short trade. Target and sl on charts.

 

[ashu1234]

Natural gas T1 completed. I hope before closing we can get 4.121.

 

[ashu1234]

T2 which was expected to be on 8x Red line on 4.080 is considered to be completed as it got support on upward 8x line at 4.090. Further shorting will be recommended only on break of 4.100.

 

[ashu1234]

Hi,
Last time we have covered shorts, and have waited for two long days to initiate shorts, as 4.1 level gave decent support on hourly tf and further shorting was only recommended below that. Expecting resistance above/near Blue 4x1 line, so its a nice area to short before/after inventory. Targets and Sl on chart.
Note(Some morons may find the chart setup funny, please see some past turning points based on the current setup, and if still confused google the tools used here i.e Fibs, Gan angles and Ichimoku). Rest is visually straight forward.
Oh I forgot, RSI is also there.(might sound lame for some big wigs!!)

 

[ashu1234]

Natural gas inventory which came in positive, drove the prices straight to 4.3$. shorting area was near 4.250-4.280 couldn't be triggered, still if one was short, sl triggered @ 232 Rs. Next level to watch on 4.455. No trades right now.