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Natural Gas breaks minor resistance at 1.805, jump till 1.954/2.015 is possible

Minor resistance - 1.804 (trend line joining 1.954 and 1.843) Major resistance - 1.8680 (trend line joining 2.310 and 2.166) The commodity has broken minor resistance 1.804 and jumped till 1.8310 level. It is currently t…

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Natural Gas breaks minor resistance at 1.805, jump till 1.954/2.015 is possible
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  • Minor resistance - 1.804 (trend line joining 1.954 and 1.843)
     
  • Major resistance - 1.8680 (trend line joining 2.310 and 2.166)
     
  • The commodity has broken minor resistance 1.804 and jumped till 1.8310 level. It is currently trading around 1.8150.
     
  • On the higher side major resistance is around 1.8680 and break above confirms minor trend reversal , a jump till 1.9540/2.015 is possible .
     
  • Minor support is around 1.750 and break below targets 1.709/1.6340.

It is good to buy at dips around 1.810-15 with SL around 1.760 for the TP of 1.954/2.015  

 

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