Technical analysis NATGAS for 17.10.2024

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively

Key levels

2.775, 2.779, 2.802, 2.846, 2.853

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 2.775, with Take Profit of 2.802 and Stop Loss of 2.755

Alternative scenario

Recommended opening long positions (Buy Limit) from the level of 2.802, with Take Profit of 2.846 and Stop Loss of 2.775