Natural Gas (NG) Long Trade Analysis

Natural Gas (NG) Long Trade Analysis
Entry:
In this analysis, we target a long trade for Natural Gas (NG) from the level of 1.727.

Technical Analysis:
Strong Support at 1.727:

The level of 1.727 appears to be a robust support on the chart.
We observe repeated bounces from this level in the past.
Positive Technical Formations:

A positive technical formation is evident on a lower timeframe, such as a crossover of the Relative Strength Index (RSI) in the buying zone.
Overall Trend is Positive:

The overall market trend supports positive expectations, reinforcing the potential for an upward move from this level.
Strategy:
Based on the technical analysis, we propose entering a long trade from the level of 1.727.

Target and Risk Management:
Target:

Targeting the nearby resistance level at 2.290.
Risk Management:

Placing the stop-loss near the last support level to ensure capital protection.
Conclusion:
Based on the current technical analysis, entering a long trade for Natural Gas (NG) from the level of 1.727 is anticipated. It is recommended to monitor the market closely and adjust the strategy according to market developments.

note:

This analysis is merely an opinion and does not constitute a trading recommendation.
You should conduct your own analysis before making any trading decisions.
Make sure you use proper risk management to protect your account.