Natural Gas- Bullish above S3 Level on the Chart
https://www.tradingview.com/x/BnebbTCm/
1. Planted on the chart are Pivot and Resistance Levels of my indicator.
2. 2.931 is the S3 Level of where it is taking the support.
3. 3.402 is the pivot and 3.872 is the resistance.
4. At present, it has support between two lime horizontal lines drawn at price level between 2.9650 and 2.9740.
Moreover, the price is above 100 and 200 SMA which are signs of bullishness. Also, as per William's R% the commodity is in oversold zone.
Conclusion: Wait till the 11/27/23 7:45 AM candle which is pivotal for morning session and check that the price remains above S3 Level. All the above factors are indicating a pull back, in the prices of the Commodity in the coming week.
Disclaimer: The information provided in this video is only for educational and informational purpose. The information provided here is not intended to be any kind of financial advise, investment advise, or any trading advise. Investment and trading in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI Registered Analyst., so consult your financial advisor or do your own research before taking any trading/investment decision.
1. Planted on the chart are Pivot and Resistance Levels of my indicator.
2. 2.931 is the S3 Level of where it is taking the support.
3. 3.402 is the pivot and 3.872 is the resistance.
4. At present, it has support between two lime horizontal lines drawn at price level between 2.9650 and 2.9740.
Moreover, the price is above 100 and 200 SMA which are signs of bullishness. Also, as per William's R% the commodity is in oversold zone.
Conclusion: Wait till the 11/27/23 7:45 AM candle which is pivotal for morning session and check that the price remains above S3 Level. All the above factors are indicating a pull back, in the prices of the Commodity in the coming week.
Disclaimer: The information provided in this video is only for educational and informational purpose. The information provided here is not intended to be any kind of financial advise, investment advise, or any trading advise. Investment and trading in stock market is very risky and trading stocks, options and other securities involve risk. The risk of loss in stock market can be substantial. Moreover, I am not a SEBI Registered Analyst., so consult your financial advisor or do your own research before taking any trading/investment decision.
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