Trading Natural Gas.

ashu1234

Well-Known Member
#13
you mean gan angles....they are same as gan fan. what i've used in NG chart is actually gan fan.
 

ashu1234

Well-Known Member
#14
Natural gas inventory hasn't yielded much. Hourly closing is still above 3.9 and rebounded from 3.856 level its earlier significant low. So unless it breaks 3.90 decisively its better to wait and watch. Seems like it will consolidate again in the range 3.980 to 3.850 for the week ahead.
 

ashu1234

Well-Known Member
#15
Natural gas trading closer to circuit level of 223.80. Creating short from here requires a lot of guts. But this is the way N.g trades are... Next level on upside is 4.121 which will be our stop loss for short trade. At mcx it equals to 227 Rs.
In case if it takes out circuit, trade and average short and wait for hourly close.
 

ashu1234

Well-Known Member
#17
There a lot of factors, dynamics of which are changing since last 2-3 years.
To quote a few like weather, rigs counts(supply side factor which means new rigs which are being explored), inventory and demand side factors which are mostly U.S based because they are the largest consumers of natural gas. Natural gas has a reputation of speculative commodity as it generate wild swings which are beyond one's understanding.
 

ashu1234

Well-Known Member
#18
ng gave a gap up opening and was trading whole day above 4.121, but bearish engulfing on hourly tf is the first indication of short. confirmation below 4.121 with sl of comex high. Kept my shorts open as it was unable to trade over days high.
 

ashu1234

Well-Known Member
#19
Natural gas again getting support on 4$, will be interesting to see how prices move in the coming off season period. If breaks 4$ we can expect 3.920 and 3.850 levels again.
 

ashu1234

Well-Known Member
#20
Selling point in Natural gas again with Hourly closing stop of 4.170, expected target 4.083, 4.065.
 

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