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. 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