Technical analysis NATGAS for 24.09.2024
Intraday
Technical
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
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
Scenario
Recommendation
BUY STOP
Entry Point
2.925
Take Profit
3.050
Stop Loss
2.850
Key Levels
3.050, 2.925, 2.850, 2.775, 2.700
Alternative scenario
Recommendation
SELL STOP
Entry Point
2.850
Take Profit
2.775
Stop Loss
2.925
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.