Technical analysis NATGAS for 17.10.2024
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively
Key levels
2.775, 2.779, 2.802, 2.846, 2.853
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 2.775, with Take Profit of 2.802 and Stop Loss of 2.755
Alternative scenario
Recommended opening long positions (Buy Limit) from the level of 2.802, with Take Profit of 2.846 and Stop Loss of 2.775
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.