Technical analysis NATGAS for 04.11.2024

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 turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 2.82. The closest resistance is the level 2.912

Key levels

2.74, 2.82, 2.912, 2.956, 2.994

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 2.82, with Take Profit of 2.994 and Stop Loss of 2.74

Alternative scenario

Recommended opening short positions (Sell Limit) from the level of 2.956, with Take Profit of 2.74 and Stop Loss of 2.994