This is my first write-up for COMMODITY segment specifically for NATURAL GAS . NG
MID TO LONG TERM CHART FOR NATURAL GAS
NATURAL GAS OUTLOOK: NG looks on a bearish trend and trending down now from the top made at INR 201 and $3.019 on 29th June 2016
The chart below shows the WAVE counts of for one of the waves trending on downtrend. The potential top made today is looking like a short to mid term top for NG and should make NG go below the low made of $1.597 on 3rd March 2016 further to $1.30 and $1.00 in the coming 3 to 6 months.
People looking to create short mid and long term positional trades in NG should be on sell side for the time being and taking SL of $3.309 with a target of $1.3 to $1 from the current sell price of $2.888
Happy Trading !
MID TO LONG TERM CHART FOR NATURAL GAS
NATURAL GAS OUTLOOK: NG looks on a bearish trend and trending down now from the top made at INR 201 and $3.019 on 29th June 2016
The chart below shows the WAVE counts of for one of the waves trending on downtrend. The potential top made today is looking like a short to mid term top for NG and should make NG go below the low made of $1.597 on 3rd March 2016 further to $1.30 and $1.00 in the coming 3 to 6 months.
People looking to create short mid and long term positional trades in NG should be on sell side for the time being and taking SL of $3.309 with a target of $1.3 to $1 from the current sell price of $2.888
Happy Trading !
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