Technical analysis NATGAS for 24.09.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 2.850. The closest resistance is the level 2.925

Key levels

• 3.050, 2.925, 2.850, 2.775, 2.700

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 2.925, with Take Profit of 3.050 and Stop Loss of 2.850

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 2.850, with Take Profit of 2.775 and Stop Loss of 2.925