In Hourly chart, MCX Natural Gas (NG) is showing a positive divergence. It's clear.
The price is making lows, but the RSI is making higher low. Means price will go up to follow the RSI momemtum.
Max OI for Dec'23 expiry: 550 has max Call and PUT (2.5K total - that's pretty high in NG terms).
Trade Plan:
Expecting price will bounce back from CMP upto 560. Then will again retest this 550-535 zone and may consolidate there.
Trade:
Buy zone: On breakout of 560, SL: 540, T: 600
Sell zone: On breakdown of 530, SL: 550, T: 500
The price is making lows, but the RSI is making higher low. Means price will go up to follow the RSI momemtum.
Max OI for Dec'23 expiry: 550 has max Call and PUT (2.5K total - that's pretty high in NG terms).
Trade Plan:
Expecting price will bounce back from CMP upto 560. Then will again retest this 550-535 zone and may consolidate there.
Trade:
Buy zone: On breakout of 560, SL: 540, T: 600
Sell zone: On breakdown of 530, SL: 550, T: 500
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。