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: 5 point Closed trade(s): 5 point Profit Open trade(s): 0 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. 9 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (2.500 to 2.400). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

Beginning of entry zone (2.500)
- Support on 04/25/2019
- Support on 04/26/2019
- Support on 05/06/2019
- Support on 05/07/2019
- Resistance on 09/06/2019
- Support on 09/09/2019
- Support on 09/12/2019
Ending of entry zone (2.400)
- Support on 03/31/1998
- Support on 10/01/1998
- Resistance on 10/07/1998
- Resistance on 11/02/1998
- Support on 11/03/1998
- Support on 11/11/1998
- Resistance on 11/12/1998
- Resistance on 11/16/1998
- Resistance on 06/15/1999
- Resistance on 07/22/1999
- Support on 09/22/1999
- Support on 11/19/1999
- Resistance on 11/29/1999
- Resistance on 12/01/1999
- Support on 12/22/1999
- Resistance on 12/28/1999
- Resistance on 12/29/1999
- Resistance on 01/18/2000
- Resistance on 09/04/2001
- Support on 09/07/2001
- Resistance on 10/09/2001
- Resistance on 10/15/2001
- Support on 10/17/2001
- Support on 10/18/2001
- Resistance on 01/16/2002
- Resistance on 02/13/2002
- Resistance on 02/19/2002
- Resistance on 02/25/2002
- Resistance on 02/26/2002
- Resistance on 03/01/2002
- Support on 02/09/2012
- Support on 02/13/2012
- Support on 02/15/2012
- Resistance on 05/08/2012
- Support on 05/09/2012
- Support on 05/10/2012
- Support on 05/14/2012
- Support on 05/30/2012
- Support on 06/06/2012
- Resistance on 06/07/2012
- Support on 10/02/2015
- Support on 10/16/2015
- Resistance on 10/27/2015
- Resistance on 11/06/2015
- Resistance on 11/18/2015
- Resistance on 01/07/2016
- Support on 06/07/2016
- Support on 06/03/2019
- Support on 06/04/2019
- Resistance on 06/11/2019
- Resistance on 06/12/2019
- Resistance on 06/14/2019
- Resistance on 06/17/2019
- Resistance on 06/18/2019
- Resistance on 07/05/2019
- Support on 07/12/2019
- Resistance on 07/16/2019
- Support on 09/06/2019

Date September 21, 2019 - 16:55

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 peak is formed in daily chart at 2.700 on 09/17/2019, so more losses to support(s) 2.500, 2.400, 2.200 and minimum to Major Support (2.000) 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 59.

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
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

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