Natural Gas important levels to watch are as follows
#Support: 282.1
Sell below: 282.1 only on 15 minute candle closure below the level. Target 1: 279.1 Target 2: 276.9 Target 3: 274.2
#Resistance: 287
Buy Above: 287 only on 15 minute candle closure Above the level. Target 1: 290 Target 2: 294.9 Target 3: 301.9
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
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#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
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Target 1 reached on upside.
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achieved second target too on upside !!
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Natural gas facing a strong resistance just above the supply zone. a double top pattern can be seen now.
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Natural Gas successfully achieved all the targets on downside after the breakdown from demand zone marked in green rectangle on the chart. Just the way as planned.
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