Technical analysis NATGAS for 07.10.2024
07.10.2024 01:40
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 3.015. The closest resistance is the level 3.075
Key levels
- 3.150, 3.075, 3.015, 2.950, 2.850
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 3.015, with Take Profit of 2.950 and Stop Loss of 3.075
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 3.075, with Take Profit of 3.150 and Stop Loss of 3.015
Scenario
Recommendation
SELL STOP
Entry Point
3.015
Take Profit
2.950
Stop Loss
3.075
Key Levels
3.150, 3.075, 3.015, 2.950, 2.850
Alternative scenario
Recommendation
BUY STOP
Entry Point
3.075
Take Profit
3.150
Stop Loss
3.015