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MCX Natural Gas Head and Shoulders Trading Setup

free commodity naturalgas tips charts

free commodity naturalgas tips charts

Natural gas Head and Shoulders Suggesting Price Crash

MCX Natural gas has made head and shoulders patterns on the weekly timeframe. And the two shoulders are overlapping. Sell confirmation is line breakout.

Recently, it has broken 200 moving average. If it shows closing price below the neckline and 200 MA consecutively, NG will fall nonstop.

X and Y are the formation’s size. Here is the value of x 100 and y 74. So, according to H&S formation, it can collapse up to 112 – 86.

Hurdle: 196
Short-term targets: 170 – 168
Long-term targets: 146 – 136

Here are H&S, RSI, MA, and DMI throwing sell signals.

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5 Comments

  1. THANK YOU for your free articles about natural gas to which I totally agree. And yes , a GOOD friend is hard to find and so are analyst for NG as well . You are one of the few we can trust .

  2. In the month of jan. 21 when I started reading your mail I was not very sure about your prediction. But now I am……

  3. I’ve tried to made payment through UPI for MCX Holiday Annual Plan, but the SBI server is down. So, I did NEFT. Please start my service from tomorrow.

    Thanks,
    – Dhana sai Tholeti

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