Enhance your MCX natural gas trading skills with Moneymunch’s free natural gas trading tips and market analysis. Stay updated on the latest commodity market trends and make profitable trades.
Don’t SELL after Resistance line breakout. Accurate entry-level, stop loss and targets available below.
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Gold is playing into a box since 8 December. I have drawn that chart here: MCX Gold at Support – The Upcoming Move
8 Dec Article Url: Silver Price Setting Up For A Downside Price Rotation?
Silver could try to test the 45400 levels. If we see the consecutive closing price above this level, the silver will fly. And targets will remain the same as I have written into the 8 December article.
And if the silver will breakdown the support line, nobody can stop to fall. Downside targets are also available in that article.
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As per this chart, natural gas moves back to under bearish trend. Its price is also close to the support level. It will impact on MCX natural gas prices.
MCX Natural gas: Hurdle – 167.6 and Support – 157
Especially intraday traders… My regular chart followers know what’s going to happen next!
For short-term investors:
Will natural gas comes out from the downtrend before next weekend? What will happen if natural gas breakout the strong support?
I will update you in the next report before this weekend end.
Nickel can be unstoppable. No Doubt!
Hurdle: 1030
Above it: 1070 – 1080 – 1090 – 1100+
Hurdle breakout: 1010 – 1000 below
Don’t stuck in fake out candles.
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Since the market opening bell, natural gas sharply moving up as per the above chart [5:20PM]. Do you think it will keep upward rally?
To become a subscriber, subscribe to our free newsletter services. Our service is free for all. you can apply the following trading strategy to earn a profit.
Use these support & resistance as targets:
↑ Long positions above lower trendline with targets at 160.60 – 164 – 165+ in extension.
↓ Below this lower trendline looks for further downside with 159.80 – 158.40 – 157 as targets.
Entry-level + Stop loss + Targets = For subscribers only!
Here’s a clear indication of Gold for a new trend. All-new opening gap hiking the gold price. Keep your eyes on Lower Trendline and jump on it.
On September 15, 2019 report, we have already updated the new target (38500 – 39000 – 39500 – 40000): MCX Gold Technical analysis, forecast, & tips for the current trend
That’s all about the uptrend. What will happen if gold will break out the lower trendline?
Wait for two consecutive closing price of gold below to lower trendline. It will confirm the fake-out. And then move on for 36600 – 36000 – 35500 levels.
Silence zone area: 3740 to 3460
Only intraday trading recommended here.
Two or three consecutively closing prices required to come out from the silence zone. Beware of fake-out.
Upward targets: 3900 – 4000 – 4100
Downward targets: 3300 – 3200 – 3100
This is natural gas chart is itself an answer to an upcoming trend.
A simple trading strategy:
These charts are for advanced users only. Remember, only members get accurate entry-level, stop loss and targets on the market hours.
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MCX natural gas traders must watch futures (CFD) 2.560 level. Everything is safe (up to 190 – 194) above this level for buyers. But below 2.560, a downtrend is up to 183 – 180 levels.
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Intraday traders can follow the control price level (151 – 152).
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