Technical analysis NATGAS for 24.09.2024

24.09.2024 01:26
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. 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