MCX Natural Gas Tips for Today


The below MCX natural gas tips & technical levels charts are updated at 9.30 am everyday based on the previous days data of the mcx natural gas and today's open price which is fetched from our server. Based on the quant's advanced camarilla equation and today's mcx natural gas open we have plotted the possible reversal and break out levels tips. Please use the levels and charts below for trading purposes.

​Last Updated:  30-05-2023

Long & Short Reversal Tips for Natural Gas MCX, INDIA

Signal

Entry

Stop Loss

Target 1

Target 2

Target 3

Buy above

193.02

190.55

196.32

197.15

197.98

Sell below

197.98

200.45

194.68

193.85

193.02

Long & Short Breakout Tips for Natural Gas MCX, INDIA

Signal

Entry

Stop Loss

Target 1

Target 2

Breakout Buy above

200.45

197.98

204.56

209.35

Breakout Sell below

190.55

193.02

186.44

181.65

For your easy understanding we have plotted the above reversal and breakout level scenarios explanation in a easy readable charts below with entry, targets and stop loss.

MCX Natural Gas Tips Chart


MCX Natural Gas Tips

The Equation involves two types of trading one with the trend and one against the trend, the important levels to note are the L3 and H3 levels, where you may expect a reversal to occur (Research shows that reversals from L3 and H3 happen as often as 4 out of 5 times – 80% during intraday trading. ), and the L4 and H4 levels where you may expect a major breakout to occur.

Live Intraday Tips : Camarilla levels & mcx natural gas target for today 30-05-2023

H6

209.35

Target 2

H5

204.56

Target 1

H4

200.45

Long Break Out

H3

197.98

Go Short / Sell Below

H2

197.15

H1

196.32

Pivot

197.7

Pivot

L1

194.68

L2

193.85

L3

193.02

Go Long / Buy Above

L4

190.55

Short Breakout

L5

186.44

Target 1

L6

181.65

Target 2

How to Trade the Free MCX Natural Gas Tips


Trading is done on the basis of open of the commodity. Depending on the open price of natural gas there can be five different scenarios occurring. Each scenario is discussed in a very detailed manner below.

  • SCENARIO 1
  • SCENARIO 2
  • SCENARIO 3
  • SCENARIO 4
  • SCENARIO 5

When the open of mcx natural gas is between H3 : 197.98 and L3: 193.02


  To Enter Long Position (BUY)


Wait for the price to go below 193.02 and again when the rate moves back above 193.02 Go Long. Stop loss can be placed at 190.55

Targets will be Target 1 : 196.32, Target 2 : 197.15, Target 3 : 197.98


  To Enter Short Position (SELL)


Wait for the price to go above 197.98 and again when the rate moves back below 197.98 Go Short. Stop loss can be placed at 200.45


Targets will be Target 1 : 194.68, Target 2 : 193.85, Target 3 : 193.02

About Camarilla Pivot Point Intraday Trading Strategy :

Camarilla pivot point ( mean reversion ) is a very popular intraday trading strategy still used by many traders which has an astounding accuracy 100% consistent performance.

Camarilla pivot point theory is an advanced form of the existing normal classical pivot point strategy founded by Nick scott a very successful bond trader in end of 1980’s It is highly accurate for trading high beta stocks and commodities. The Equation works on thesis that price most of the time has tendency to revert to its mean.

MCX Natural Gas Short Term Tips


Free Natural Gas Tips

Short term levels are calculated based on the previous week mcx natural gas open high low close. Here today's open doesn't play a major role, henceforth use the levels calculated below for possible reversal and break outs for your short term positional trading.

H6

243.83

TGT 2

H5

227.77

TGT1

H4

214.02

Long Break Out

H3

206.76

Go Short / Sell Below

H2

204.34

H1

201.92

Pivot

199.5

Pivot

L1

197.08

L2

194.66

L3

192.24

Go Long / Buy Above

L4

184.98

Short Breakout

L5

171.23

TGT 1

L6

155.17

TGT 2


Short Term Natural Gas Buy & Sell Reversal Tips

Signal

Entry

Stop Loss

Target 1

Tgt 2

Tgt 3

Short Term Buy above

192.24

184.98

201.92

204.34

206.76

Short Term Sell below

206.76

214.02

197.08

194.66

192.24

Short Term Natural Gas Buy & Sell Breakout Tips

Signal

Entry

Stop Loss

Tgt 1

Tgt 2

Short Term Breakout Buy above

214.02

206.76

227.77

243.83

Short Term Breakout Sell below

184.98

192.24

171.23

155.17

Commodity Natural Gas Trading Tips



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