According to this chart, MCX Natural gas is further advance. We may see the following levels after a reversal.
Targets: 234.6 – 263.9 – 305.6
Intraday traders can run with 20 & 50 MA crossover. And long-term traders should stick with 200 MA to maximize profits.
Significant releases or events that may affect the movement of natural gas on Wednesday, Oct 28, 2020:
- 02:00: U.S. API Weekly Crude Stock
- 20:00: U.S. Crude Oil Inventories
- 20:00: EIA Weekly Refinery Crude Runs
- 20:00: U.S. Crude Oil Imports
- 20:00: U.S. Cushing Crude Oil Inventories
- 20:00: U.S. Gasoline Production
- 20:00: U.S. Heating Oil Stockpiles
- 20:00: U.S. Gasoline Inventories
Get free MCX ideas, chart setups, and analysis for the upcoming session: Commodity Tips →
Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.
Disclaimer: The information provided on this website, including but not limited to stock, commodity, and forex trading tips, technical analysis, and research reports, is solely for educational and informational purposes. It should not be considered as financial advice or a recommendation to engage in any trading activity. Trading in stocks, commodities, and forex involves substantial risks, and you should carefully consider your financial situation and consult with a professional advisor before making any trading decisions. Moneymunch.com and its authors do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any losses or damages incurred as a result of using or relying on such information. Trading in the financial markets is subject to market risks, and past performance is not indicative of future results. By accessing and using this website, you acknowledge and agree to the terms of this disclaimer.
ng first tg came. book or wait for next?