Technical analysis NATGAS for 07.10.2024

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 3.015. The closest resistance is the level 3.075

Key levels

• 3.150, 3.075, 3.015, 2.950, 2.850

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 3.015, with Take Profit of 2.950 and Stop Loss of 3.075

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 3.075, with Take Profit of 3.150 and Stop Loss of 3.015