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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Natural Gas technical chart
Symbol NGAS

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Trade Setup
#NGAS
Total Profit: -427 point
Closed trade(s): 5 point Profit
Open trade(s): -432 point Profit

Trade Setup:
We opened 10 BUY trade(s) @ 2.60 (day close price) based on 'Valley' at 2019.05.08.

Closed Profit:
TP1 @ 2.65 touched at 2019.05.14 with 5 point Profit.

Open Profit:
Profit for one trade is 2.12(current price) - 2.60(open price) = -48 point
9 trade(s) still open, therefore total profit for open trade(s) is -48 x 9 = -432 point

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateSat, 08/10/2019 - 21:14
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 1.600, beginning of uptrend is expected.
  • We make sure when the resistance at 2.500 breaks.
  • If the support at 1.600 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 57 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 2.300 on 08/01/2019, so more losses to support(s) 2.000 and minimum to Major Support (1.600) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 40.

Take Profits:

  1. 2.650
  2. 2.750
  3. 2.850
  4. 2.950
  5. 3.150
  6. 3.350
  7. 3.700
  8. 4.050
  9. 4.900
Click on the level to view price action history.

Symbol Released Current Forecast
Natural Gas (NGAS) new Sat, 7 Dec 2019
Natural Gas (NGAS) Sat, 30 Nov 2019
Natural Gas (NGAS) Sat, 23 Nov 2019
Natural Gas (NGAS) Sat, 16 Nov 2019
Natural Gas (NGAS) free Sat, 2 Nov 2019