Weekly NGAS Technical Analysis and Forecast - Commodities

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Weekly forecast Natural Gas technical chart

Symbol

NGAS

Download MT4 template file

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.

Date September 14, 2019 - 17:59

Current range bound

Forecast beginning of uptrend

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:

2.650
- Resistance on 09/10/2019
- Resistance on 05/29/2019
- Resistance on 05/17/2019
- Resistance on 05/16/2019
- Resistance on 05/15/2019
- Resistance on 05/14/2019
- Resistance on 05/13/2019
- Resistance on 05/10/2019
- Resistance on 04/15/2019
- Support on 04/11/2019
- Support on 04/08/2019
- Support on 04/03/2019
- Support on 04/01/2019
- Support on 03/29/2019
- Support on 02/21/2019
- Resistance on 02/18/2019
- Resistance on 02/11/2019
- Support on 02/06/2019
- Support on 02/05/2019
- Support on 02/04/2019
- Support on 04/20/2018
- Support on 04/19/2018
- Support on 04/12/2018
- Support on 04/11/2018
- Support on 04/10/2018
- Support on 04/09/2018
- Support on 04/05/2018
- Support on 04/02/2018
- Support on 03/27/2018
- Resistance on 03/22/2018
- Support on 03/20/2018
- Support on 03/19/2018
- Support on 03/15/2018
- Support on 03/01/2018
- Support on 02/28/2018
- Support on 02/27/2018
- Support on 02/26/2018
- Support on 02/23/2018
- Support on 02/22/2018
- Resistance on 02/19/2018
- Support on 12/18/2017
- Support on 12/14/2017
- Support on 12/13/2017
- Support on 02/28/2017
- Support on 02/27/2017
- Support on 02/22/2017
- Support on 11/16/2016
- Support on 11/14/2016
- Support on 09/07/2016
- Resistance on 08/17/2016
- Resistance on 08/10/2016
- Support on 07/28/2016
- Support on 07/27/2016
- Support on 07/26/2016
- Support on 07/22/2016
- Support on 07/21/2016
- Support on 06/24/2016
- Support on 06/23/2016
- Resistance on 06/17/2016
- Resistance on 09/23/2015
- Resistance on 09/22/2015
- Resistance on 09/18/2015
- Support on 09/16/2015
- Support on 09/11/2015
- Support on 09/10/2015
- Support on 09/09/2015
- Support on 08/31/2015
- Support on 08/28/2015
- Support on 08/27/2015
- Support on 08/25/2015
- Support on 08/24/2015
- Support on 07/09/2015
- Resistance on 04/23/2015
- Resistance on 04/22/2015
- Resistance on 04/09/2015
- Resistance on 04/01/2015
- Support on 03/27/2015
- Support on 03/26/2015
- Support on 03/11/2015
- Support on 03/09/2015
- Support on 03/02/2015
- Support on 02/13/2015
- Support on 02/04/2015
- Support on 02/03/2015
- Support on 02/02/2015
- Support on 01/30/2015
- Support on 01/29/2015
- Support on 08/30/2012
- Support on 08/27/2012
- Support on 06/28/2012
- Resistance on 06/22/2012
- Resistance on 01/24/2012
- Support on 01/13/2012
- Support on 01/12/2012
- Support on 09/08/2009
- Support on 08/07/2002
- Support on 12/20/2001
- Support on 12/18/2001
- Support on 12/17/2001
- Resistance on 12/07/2001
- Resistance on 12/03/2001
- Resistance on 11/28/2001
- Resistance on 11/16/2001
- Support on 11/14/2001
- Support on 10/23/2001
- Resistance on 10/16/2001
- Support on 02/29/2000
- Resistance on 02/25/2000
- Resistance on 02/18/2000
- Support on 02/03/2000
- Resistance on 01/28/2000
- Resistance on 01/27/2000
- Resistance on 12/16/1999
- Resistance on 11/12/1999
- Support on 11/08/1999
- Resistance on 10/07/1999
- Resistance on 10/05/1999
- Resistance on 09/28/1999
- Resistance on 09/27/1999
- Resistance on 09/17/1999
- Resistance on 09/15/1999
- Support on 08/06/1999
- Resistance on 08/05/1999
- Resistance on 08/04/1999
- Resistance on 11/09/1998
- Support on 04/08/1998
2.750
- Support on 03/18/2019
- Support on 03/13/2019
- Support on 03/12/2019
- Support on 03/11/2019
- Support on 02/27/2019
- Support on 02/26/2019
- Support on 02/25/2019
- Resistance on 02/22/2019
- Resistance on 02/11/2019
- Support on 09/14/2018
- Support on 09/10/2018
- Support on 09/07/2018
- Support on 07/27/2018
- Support on 07/20/2018
- Support on 07/16/2018
- Support on 07/13/2018
- Support on 05/02/2018
- Support on 05/01/2018
- Support on 04/30/2018
- Support on 04/24/2018
- Resistance on 04/19/2018
- Resistance on 04/18/2018
- Resistance on 04/17/2018
- Resistance on 04/16/2018
- Resistance on 04/13/2018
- Resistance on 04/02/2018
- Resistance on 03/29/2018
- Resistance on 03/15/2018
- Resistance on 03/09/2018
- Resistance on 03/06/2018
- Support on 02/06/2018
- Support on 02/05/2018
- Support on 01/05/2018
- Resistance on 12/27/2017
- Resistance on 12/20/2017
- Resistance on 12/19/2017
- Resistance on 12/18/2017
- Support on 12/08/2017
- Support on 12/07/2017
- Support on 08/07/2017
- Support on 08/04/2017
- Support on 08/01/2017
- Support on 03/02/2017
- Support on 03/01/2017
- Resistance on 11/15/2016
- Resistance on 11/14/2016
- Support on 11/04/2016
- Support on 11/03/2016
- Support on 11/02/2016
- Support on 09/05/2016
- Support on 08/05/2016
- Support on 08/01/2016
- Resistance on 07/25/2016
- Support on 07/08/2016
- Support on 07/06/2016
- Support on 07/05/2016
- Resistance on 06/27/2016
- Resistance on 06/23/2016
- Resistance on 08/21/2015
- Support on 08/07/2015
- Support on 08/06/2015
- Support on 07/30/2015
- Resistance on 07/08/2015
- Support on 07/03/2015
- Support on 07/01/2015
- Support on 06/30/2015
- Support on 06/26/2015
- Support on 06/22/2015
- Support on 06/19/2015
- Support on 06/15/2015
- Support on 06/12/2015
- Resistance on 04/30/2015
- Resistance on 03/26/2015
- Support on 03/24/2015
- Support on 03/20/2015
- Support on 03/05/2015
- Support on 02/18/2015
- Support on 02/17/2015
- Resistance on 02/10/2015
- Support on 01/22/2015
- Support on 09/19/2012
- Support on 09/18/2012
- Support on 09/06/2012
- Resistance on 08/30/2012
- Support on 08/23/2012
- Support on 08/21/2012
- Support on 08/20/2012
- Support on 08/14/2012
- Support on 08/10/2012
- Support on 07/17/2012
- Support on 07/12/2012
- Support on 07/11/2012
- Support on 07/06/2012
- Resistance on 06/25/2012
- Resistance on 01/30/2012
- Resistance on 01/27/2012
- Resistance on 01/26/2012
- Support on 01/11/2012
- Support on 09/10/2009
- Resistance on 09/04/2009
- Resistance on 08/08/2002
- Support on 07/11/2002
- Support on 03/14/2002
- Resistance on 12/31/2001
- Resistance on 12/27/2001
- Support on 12/21/2001
- Resistance on 12/19/2001
- Resistance on 12/18/2001
- Resistance on 12/10/2001
- Resistance on 11/30/2001
- Resistance on 11/29/2001
- Resistance on 11/28/2001
- Resistance on 11/26/2001
- Support on 11/13/2001
- Support on 03/23/2000
- Support on 03/15/2000
- Support on 03/03/2000
- Resistance on 02/04/2000
- Resistance on 02/03/2000
- Resistance on 02/01/2000
2.850
- Resistance on 03/18/2019
- Resistance on 03/15/2019
- Resistance on 03/14/2019
- Resistance on 03/11/2019
- Resistance on 03/04/2019
- Resistance on 03/01/2019
- Resistance on 02/28/2019
- Resistance on 02/26/2019
- Resistance on 02/01/2019
- Support on 01/30/2019
- Support on 01/29/2019
- Support on 01/28/2019
- Support on 01/03/2019
- Resistance on 09/13/2018
- Resistance on 09/12/2018
- Support on 09/03/2018
- Support on 08/30/2018
- Support on 08/27/2018
- Support on 08/07/2018
- Resistance on 08/03/2018
- Resistance on 07/09/2018
- Support on 07/03/2018
- Support on 07/02/2018
- Support on 05/29/2018
- Support on 05/22/2018
- Resistance on 05/18/2018
- Resistance on 05/17/2018
- Resistance on 05/15/2018
- Resistance on 02/05/2018
- Support on 02/02/2018
- Support on 02/01/2018
- Support on 01/10/2018
- Support on 01/04/2018
- Support on 11/01/2017
- Support on 10/20/2017
- Support on 10/19/2017
- Support on 10/18/2017
- Support on 10/06/2017
- Support on 08/17/2017
- Support on 07/24/2017
- Support on 03/06/2017
- Support on 02/20/2017
- Resistance on 11/18/2016
- Resistance on 11/08/2016
- Resistance on 11/07/2016
- Resistance on 11/03/2016
- Resistance on 11/02/2016
- Support on 10/03/2016
- Support on 09/16/2016
- Resistance on 08/24/2016
- Resistance on 08/04/2016
- Resistance on 08/03/2016
- Resistance on 08/01/2016
- Resistance on 07/11/2016
- Support on 06/30/2016
- Resistance on 08/11/2015
- Resistance on 08/10/2015
- Resistance on 08/05/2015
- Resistance on 07/29/2015
- Resistance on 07/28/2015
- Support on 07/22/2015
- Support on 07/17/2015
- Support on 07/16/2015
- Resistance on 07/03/2015
- Resistance on 07/02/2015
- Resistance on 07/01/2015
- Resistance on 06/18/2015
- Resistance on 06/09/2015
- Resistance on 05/28/2015
- Support on 05/25/2015
- Resistance on 03/20/2015
- Resistance on 03/17/2015
- Resistance on 03/12/2015
- Resistance on 03/11/2015
- Resistance on 03/06/2015
- Resistance on 03/05/2015
- Support on 02/25/2015
- Support on 02/24/2015
- Support on 02/23/2015
- Resistance on 02/19/2015
- Resistance on 02/12/2015
- Resistance on 02/11/2015
- Support on 01/27/2015
- Support on 01/21/2015
- Support on 01/20/2015
- Support on 01/08/2015
- Support on 01/07/2015
- Support on 01/06/2015
- Support on 01/02/2015
- Resistance on 09/19/2012
- Support on 09/17/2012
- Resistance on 09/06/2012
- Resistance on 08/22/2012
- Resistance on 08/14/2012
- Resistance on 08/10/2012
- Support on 08/06/2012
- Support on 08/03/2012
- Resistance on 07/11/2012
- Resistance on 09/08/2009
- Resistance on 09/02/2009
- Support on 07/30/2002
- Support on 07/24/2002
- Support on 07/19/2002
- Support on 07/16/2002
- Support on 07/10/2002
- Support on 03/13/2002
- Support on 03/12/2002
- Resistance on 12/17/2001
- Resistance on 12/14/2001
- Resistance on 11/21/2001
- Support on 11/09/2001
- Support on 11/08/2001
- Support on 11/07/2001
- Support on 11/06/2001
- Support on 10/25/2001
- Resistance on 10/23/2001
- Resistance on 10/22/2001
- Support on 03/29/2000
- Resistance on 03/23/2000
- Resistance on 03/17/2000
- Resistance on 03/02/2000
- Support on 11/03/1999
- Support on 11/01/1999
- Support on 10/18/1999
- Support on 10/12/1999
- Resistance on 10/11/1999
- Support on 08/30/1999
- Support on 08/27/1999
2.950
- Support on 01/25/2019
- Support on 01/22/2019
- Support on 01/10/2019
- Support on 01/09/2019
- Support on 01/02/2019
- Support on 09/27/2018
- Support on 09/24/2018
- Resistance on 08/17/2018
- Resistance on 08/15/2018
- Resistance on 08/14/2018
- Resistance on 08/10/2018
- Resistance on 08/09/2018
- Resistance on 08/08/2018
- Resistance on 06/29/2018
- Support on 06/21/2018
- Resistance on 06/12/2018
- Resistance on 06/11/2018
- Resistance on 06/07/2018
- Resistance on 05/31/2018
- Support on 05/28/2018
- Resistance on 02/01/2018
- Resistance on 12/29/2017
- Resistance on 12/28/2017
- Support on 12/04/2017
- Support on 10/27/2017
- Resistance on 10/11/2017
- Resistance on 10/05/2017
- Support on 09/06/2017
- Support on 09/05/2017
- Resistance on 07/26/2017
- Support on 07/21/2017
- Resistance on 07/10/2017
- Resistance on 07/07/2017
- Resistance on 06/23/2017
- Support on 06/13/2017
- Support on 06/05/2017
- Support on 03/10/2017
- Resistance on 03/08/2017
- Resistance on 03/06/2017
- Resistance on 02/16/2017
- Support on 10/26/2016
- Support on 10/21/2016
- Support on 10/05/2016
- Support on 09/29/2016
- Support on 09/28/2016
- Support on 09/23/2016
- Resistance on 09/19/2016
- Resistance on 09/16/2016
- Resistance on 09/14/2016
- Resistance on 08/26/2016
- Resistance on 06/29/2016
- Resistance on 07/23/2015
- Resistance on 06/17/2015
3.150
- Resistance on 01/25/2019
- Resistance on 01/24/2019
- Resistance on 01/23/2019
- Resistance on 01/22/2019
- Resistance on 01/21/2019
- Resistance on 01/11/2019
- Support on 11/02/2018
- Support on 10/30/2018
- Support on 10/29/2018
- Support on 10/26/2018
- Support on 10/19/2018
- Support on 10/11/2018
- Support on 10/04/2018
- Support on 10/03/2018
- Resistance on 01/25/2018
- Support on 01/19/2018
- Support on 01/18/2018
- Resistance on 01/16/2018
- Resistance on 01/15/2018
- Resistance on 11/28/2017
- Resistance on 11/21/2017
- Resistance on 11/15/2017
- Resistance on 11/14/2017
- Resistance on 11/08/2017
- Resistance on 11/07/2017
- Resistance on 10/25/2017
- Resistance on 10/24/2017
- Resistance on 09/20/2017
- Resistance on 09/19/2017
- Resistance on 09/18/2017
- Resistance on 05/31/2017
- Support on 05/18/2017
- Support on 05/17/2017
- Support on 05/08/2017
- Support on 05/04/2017
- Support on 04/26/2017
- Support on 04/25/2017
- Support on 04/24/2017
- Support on 04/20/2017
- Support on 04/17/2017
- Support on 04/13/2017
- Support on 04/12/2017
- Support on 04/11/2017
- Support on 03/31/2017
- Support on 03/30/2017
- Support on 03/29/2017
- Resistance on 03/27/2017
- Resistance on 02/09/2017
- Resistance on 02/08/2017
- Resistance on 02/07/2017
- Support on 02/02/2017
- Support on 01/23/2017
- Support on 01/05/2017
- Resistance on 11/23/2016
- Resistance on 10/31/2016
- Resistance on 10/26/2016
- Support on 10/19/2016
- Support on 10/13/2016
- Support on 10/10/2016
- Support on 01/15/2015
- Resistance on 01/05/2015
- Support on 12/23/2014
- Support on 12/22/2014
- Support on 08/08/2013
- Support on 02/18/2013
- Support on 02/15/2013
- Support on 02/14/2013
- Support on 01/03/2013
- Resistance on 12/28/2011
- Resistance on 12/23/2011
- Resistance on 12/21/2011
- Support on 08/27/2009
- Support on 09/05/2002
- Support on 09/04/2002
- Support on 08/21/2002
- Support on 08/20/2002
- Resistance on 08/16/2002
- Support on 06/21/2002
- Support on 06/20/2002
- Support on 06/06/2002
- Resistance on 04/12/2002
- Support on 04/10/2002
- Support on 04/09/2002
- Support on 04/05/2002
- Support on 03/18/2002
- Support on 10/31/2001
- Resistance on 07/16/2001
- Support on 07/09/2001
- Support on 07/06/2001
- Support on 07/03/2001
- Support on 06/27/2001
- Support on 05/10/2000
- Resistance on 04/28/2000
- Resistance on 04/24/2000
- Resistance on 04/19/2000
3.350
- Resistance on 01/22/2019
- Resistance on 01/21/2019
- Support on 01/18/2019
- Support on 01/17/2019
- Support on 01/16/2019
- Support on 12/27/2018
- Support on 12/26/2018
- Resistance on 10/10/2018
- Resistance on 10/09/2018
- Resistance on 05/25/2017
- Resistance on 05/24/2017
- Support on 05/15/2017
- Resistance on 05/10/2017
- Resistance on 04/05/2017
- Resistance on 01/24/2017
- Resistance on 01/20/2017
- Support on 01/17/2017
- Resistance on 01/11/2017
- Resistance on 01/06/2017
- Resistance on 01/05/2017
- Resistance on 01/04/2017
- Support on 12/19/2016
- Support on 12/16/2016
- Resistance on 11/30/2016
- Resistance on 11/28/2016
- Resistance on 10/25/2016
- Resistance on 10/14/2016
- Resistance on 10/13/2016
- Resistance on 01/15/2015
- Support on 08/19/2013
- Support on 08/16/2013
- Resistance on 08/14/2013
- Resistance on 08/12/2013
- Support on 08/01/2013
- Resistance on 02/04/2013
- Resistance on 02/01/2013
- Resistance on 01/31/2013
- Support on 01/16/2013
- Support on 01/15/2013
- Resistance on 01/07/2013
- Resistance on 01/02/2013
- Support on 12/28/2012
- Support on 12/27/2012
- Resistance on 12/17/2012
- Support on 12/12/2012
- Support on 10/09/2012
- Support on 10/08/2012
- Support on 10/05/2012
- Support on 10/04/2012
- Support on 10/03/2012
- Support on 11/17/2011
- Support on 10/21/2010
- Resistance on 09/14/2009
- Resistance on 09/11/2009
- Resistance on 08/24/2009
- Support on 07/14/2009
- Support on 07/09/2009
- Support on 07/07/2009
- Support on 07/06/2009
- Support on 05/01/2009
- Support on 04/29/2009
- Support on 04/23/2009
3.700
- Resistance on 01/16/2019
- Resistance on 01/15/2019
4.050
- Support on 12/13/2018
- Support on 12/12/2018
- Support on 11/26/2018
- Support on 11/14/2018
- Support on 11/28/2014
- Resistance on 11/03/2014
- Resistance on 10/03/2014
- Resistance on 10/02/2014
4.900
- Resistance on 11/21/2018
- Resistance on 11/14/2018

Click on the level to view price action history.

Symbol	Released	Current	Forecast
Natural Gas (NGAS)	Sat, 13 Apr 2024
Natural Gas (NGAS)	Sat, 6 Apr 2024
Natural Gas (NGAS)	Wed, 3 Apr 2024
Natural Gas (NGAS)	Sat, 30 Mar 2024
Natural Gas (NGAS)	Sat, 23 Mar 2024

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Forex
AUDSGD
CHFSGD^free
EURSGD
GBPSGD^free
NZDSGD
SGDJPY
USDSGD
USDTRY^free

1,978	1,582	1,442	1,407
1,155	622	595	556
496	470	456	454
415	408	379	293
274	267	263	258
240	217	206	198
197	186	175	173
168	154	140	138
132	125	123	123
120	119	110	101