Technical analysis NATGAS for 05.01.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 Kijun-sen and Tenkan-se, respectively. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively

Key levels

• 4.800, 4.535, 4.265, 3.970, 3.605, 3.200, 2.825

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 3.605, with Take Profit of 3.200 and Stop Loss of 3.835

Alternative scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 3.970 and Stop Loss of 3.605