Natural Gas (weekly)
Natural Gas (Daily)
Please see my post from March 19 here first (http://theelliottwavesufer.blogspot.com/2012/03/elliott-wave-and-technical-analysis-on_19.html)
We are now at support at 2.10 and we should be very close to the final bottom, but we have to wait for confirmation, that the bottom is in place, which a break above 2.27 and more importantly a break above 2.38 will confirm. Until we have broken these resistance we must accept a little more downside, but we are very very close to the final bottom now.
A break above 2,38 will call for a move towards 2.57, but longer term the target is near 6.0 and potentially much higher.
thank u very much sir .... i m in a big loss holding from 3.10$ without stoploss that is bad for me now hoping that it will work as per your level... again thank u sir
ReplyDeleteHi Chetan
ReplyDeleteYou are welcome. I just glad to help, but my analysis is no guarantee remember...
But let me be frank with you. Your risk management needs to be worked upon. When "hope" is all you have left you are in big trouble and you should work on your trade plan and always have a stop to protect you if your trade plan works against you.
Regards
EWS