Technical analysis NATGAS for 20.11.2024
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. 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 and resistance levels are Tenkan-se and Kijun-sen, respectively. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively
Key levels
2.960, 3.106, 3.123, 3.197, 3.284
Trading scenario
Recommended opening short positions (Sell Stop) from the level of 3.197, with Take Profit of 3.106 and Stop Loss of 3.284
Alternative scenario
Recommended opening long positions (Buy Limit) from the level of 3.123, with Take Profit of 3.284 and Stop Loss of 3.106
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.