Technical analysis NATGAS for 21.10.2024

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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. 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

2.737, 2.748, 2.799, 2.891, 2.998

Trading scenario

Recommended opening short positions (Sell Limit) from the level of 2.799, with Take Profit of 2.748 and Stop Loss of 2.891

Alternative scenario

Recommended opening short positions (Sell Stop) from the level of 2.748, with Take Profit of 2.737 and Stop Loss of 2.799