Technical analysis NATGAS for 21.10.2024
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively
Key levels
2.737, 2.748, 2.799, 2.891, 2.998
Trading scenario
Recommended opening short positions (Sell Limit) from the level of 2.799, with Take Profit of 2.748 and Stop Loss of 2.891
Alternative scenario
Recommended opening short positions (Sell Stop) from the level of 2.748, with Take Profit of 2.737 and Stop Loss of 2.799
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.