Technical analysis NATGAS for 17.10.2024

The Tenkan-sen line is located below the Kijun-sen line. Blue is directed downward, while red remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines

Key levels

• 2.668, 2.740, 2.823, 2.860, 2.903

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 2.740, with Take Profit of 2.903 and Stop Loss of 2.668

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 2.860, with Take Profit of 2.668 and Stop Loss of 2.903