Trading Natural Gas.

Hi,
Posting after a long time at TJ.
Starting this thread to express my ideas and trading records. Hope you'll find it useful. Will post and update my charts and forecasts here. comments are welcome.

Posting hourly tf chart of natural gas. It has given bearish divergence and has taken out some key supports. Today is inventory day so can't speculate much, but trading bias is mostly for downside. Next downside lvl as per my studies are 3.98 and 3.90 on comex.

N.G struggling at gan 2x1 lvl. lets see if its able to take out that lvl else huge selling can be expected.

Resisted successfully. Now break of 4$ needed.

N.G tgt 3.980 achieved.

Natural Gas is expected to give break down today. Earlier price target was 3.90 but due to consolidation it has broken the 8x1 line today. At mcx a break of 215.50 will give targets of 210-208.

thanks 4 sharing

Hi,
Another inventory week. Natural gas on comex finally reached 3.90 level but on mcx we failed to get much(thnx due to currency depreciation going on this whole week). A decisive break of 3.90 is needed so we can finally get 3.80 on the downside. Today's resistance are on the 8x1 line @ 3.97 and 3.98 so a stop can be put above them on hourly tf. Bias is still on short side but confirmation on the downside levels are needed.

Thanks for sharing your views Ashu,

May I know which software is used to draw these charts?

Rajesh

Dear rajesh,
Charts are from Tradestation provided from Fxcentral. Its free.:thumb:

Thanks Ashu,

could u share the link from where I can download the s/w. I checked the tradestation site but there is no link to download s/w free.

Rajesh