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Trading signals! | #NG - 10.24, Futures contract
#NG — 10.24, Futures Contract ▪️Trade Type: Limit Sell Order▪️Price: 2.482▪️Take Profit: 2.260▪️Stop Loss: 2.59▪️Related: Until Cancelled#NG — 10.24, Futures Contract▪️Trade Type: Li with Buy Order▪️ Price: 2.256 ▪️Take Profit: Open ▪️Stop Loss: 2.142 ▪️Related: Until Cancelled ▪️Comment: Let's consider a scenario for natural gas futures NG at the MICEX price. Currently, there is a downward trend worldwide. As soon as a new level is formed, the price retests the decline and continues the trend. Potentially, the asset is moving towards the key support area of 2.243-2.239. The current formation has two good entry points that should be taken into account. The first option is to consider a short position. A new resistance level has formed at 2.451, which has yet to be tested. In 85% of cases, the price occurs to test newly formed levels in order to gain potential. Given the nature of trading this asset, we placed a limit order to sell taking into account the false breakout of the resistance level. We set a stop loss at the next level of 2.541, according to the rules of our trading algorithm. These manipulations provide additional protection and limit the risk. The target is the key support area of 2.243 - 2.239, before which a take profit is set. The potential is good, and the risk / reward ratio is satisfactory. The second option is a long-term limit order. As already mentioned, the key support area is 2.243-2.239. In my opinion, this is the bottom. It is in this range that sales begin and buyers enter the market. A correction is likely to occur at least to the level of 2.451. The movements can be impulsive, so you need to be prepared immediately. Therefore, we place a limit order at the upper border of the key support line. We set a stop loss at the next level - 2.159. The risk-reward ratio is also satisfactory. The analysis of the NYMEX NG chart was also taken into account. The key resistance level of 2.494 was formed above the current price. The entry point for selling on the MICEX is almost identical to this level. The possibility of a decline remains to the key support level of 2.2, and after a retest, we expect the price to rise to at least the current level. This information confirms the correctness of our actions. We do not set an expiration date for the order. Your location is tracked immediately after placing an order. We strictly adhere to risk and fund management. Stop loss for each transaction cannot exceed 2% of the total deposit. Both positions comply with all the rules of the trading algorithm, so we will act. Profits and financial well-being to everyone🤝Trading support - t.me/addlist/1tRFE2bSkE04MWNi