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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: 14 point
Closed trade(s): 5 point Profit
Open trade(s): 9 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 2.61(current price) - 2.60(open price) = 1 point
9 trade(s) still open, therefore total profit for open trade(s) is 1 x 9 = 9 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, 09/14/2019 - 17:59
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 2.000 would begin in Midterm.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 2.155 on 2019-06-20 and the trough at 2.025 on 2019-08-05, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • The RSI resistance #1 at 58 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 2.500 on 09/12/2019, so more gains to resistance(s) 2.650, 2.750, 2.850 and more heights is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 74.

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, 30 May 2020
Natural Gas (NGAS) Sat, 23 May 2020
Natural Gas (NGAS) Sat, 16 May 2020
Natural Gas (NGAS) Sat, 9 May 2020
Natural Gas (NGAS) free Sat, 2 May 2020