Tradewithtechinicals

Natural gas levels for 4-10-2020

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Tradewithtechinicals Uppdaterad   
MCX:NATURALGAS1!   Natural Gas Futures
Hi,

Time frame- 30min for good trend decision and clarity of trade.
RSI is moving above 45 and will cross 50 soon

The level is decided on fib level and Ichimoku conversion and baseline, as per current trend the support has taken on previous dynamic level i.e. 179.5

also conversion line is showing upside and price is above blueline i.e. Conversion; closing above red i.e. Base line price can break cloud which is acting as resistance from several days can see good uptrend in upcoming days.

All analysis done on technical indicators and volume. kindly take is as learning.

Thanks for the reading my post.
Trade stängt: målet nått:
190 reached tail to 192 an above now
Trade stängt: målet nått:
197 achieved closed from my end will update fresh entry and short tomorrow
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