Positional Natural Gas View 11-June-2014
NG VIEW FAILED. RETRACEMENT IS NOT YET COMPLETED. NEED TO WAIT FOR THE COMPLETION. BUT SL 268 WAS NOT TAKEN OUT YET.
Expecting down move targets 267.5, 265.5, 264.3.
As per my analysis, wave 2 correction in NG completed at 268.80.
Trade Idea:
CMP 269.30.
Buy with STRICT SL 268.50/268. Targets:
288, 310, 328.
280, 297.
Minor/Major Target Levels: 280, 284, 288, 293, 297, 310, 317, 328.
This is positional View, intraday, short term calls will be generated from this positional view.
This view is valid as long as, 254.10, 253.40 holds supports.
If down move continues, retracement levels are: 267, 264, 261, 254.50.
Previous Positional View Posted on 27-May-2014
NG VIEW FAILED. RETRACEMENT IS NOT YET COMPLETED. NEED TO WAIT FOR THE COMPLETION. BUT SL 268 WAS NOT TAKEN OUT YET.
Expecting down move targets 267.5, 265.5, 264.3.
As per my analysis, wave 2 correction in NG completed at 268.80.
Trade Idea:
CMP 269.30.
Buy with STRICT SL 268.50/268. Targets:
288, 310, 328.
280, 297.
Minor/Major Target Levels: 280, 284, 288, 293, 297, 310, 317, 328.
This is positional View, intraday, short term calls will be generated from this positional view.
This view is valid as long as, 254.10, 253.40 holds supports.
If down move continues, retracement levels are: 267, 264, 261, 254.50.
Previous Positional View Posted on 27-May-2014
