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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Natural Gas technical chart
Symbol NGAS

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (2.150 to 2.000). 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 (2.150)
    • Support on 02/17/1998
    • Support on 02/18/1998
    • Support on 03/09/1998
    • Support on 03/11/1998
    • Resistance on 03/13/1998
    • Support on 03/17/1998
    • Support on 04/30/1998
    • Support on 05/01/1998
    • Support on 05/04/1998
    • Resistance on 09/15/1998
    • Resistance on 09/17/1998
    • Support on 09/21/1998
    • Support on 09/22/1998
    • Support on 09/24/1998
    • Support on 09/25/1998
    • Resistance on 10/12/1998
    • Resistance on 10/14/1998
    • Resistance on 10/19/1998
    • Support on 10/20/1998
    • Support on 10/23/1998
    • Support on 11/20/1998
    • Resistance on 11/24/1998
    • Resistance on 04/09/1999
    • Resistance on 04/15/1999
    • Support on 05/24/1999
    • Support on 07/06/1999
    • Support on 07/08/1999
    • Support on 01/04/2000
    • Support on 01/05/2000
    • Support on 01/07/2000
    • Support on 10/01/2001
    • Support on 11/28/2001
    • Support on 01/09/2002
    • Resistance on 01/24/2002
    • Resistance on 01/31/2002
    • Resistance on 02/01/2002
    • Resistance on 02/04/2002
    • Resistance on 02/05/2002
    • Support on 02/15/2002
    • Resistance on 04/02/2012
    • Resistance on 04/05/2012
    • Support on 04/30/2012
    • Support on 12/02/2015
    • Support on 12/03/2015
    • Resistance on 12/07/2015
    • Resistance on 01/15/2016
    • Resistance on 01/19/2016
    • Resistance on 01/20/2016
    • Resistance on 01/21/2016
    • Resistance on 01/22/2016
    • Resistance on 01/26/2016
    • Resistance on 01/27/2016
    • Resistance on 02/08/2016
    • Support on 04/25/2016
    • Support on 04/26/2016
    • Resistance on 04/28/2016
    • Resistance on 04/29/2016
    • Resistance on 05/04/2016
    • Resistance on 05/05/2016
    • Resistance on 05/13/2016
    • Support on 05/30/2016
    • Support on 05/31/2016
    • Trough on 06/20/2019
    • Support on 06/20/2019
    • Support on 08/01/2019
    • Resistance on 08/08/2019
    • Resistance on 08/09/2019
    • Resistance on 08/12/2019
    • Support on 08/19/2019
    • Support on 08/21/2019
    • Support on 08/26/2019
  • Ending of entry zone (2.000)
    • Resistance on 12/04/1998
    • Support on 12/07/1998
    • Resistance on 12/14/1998
    • Support on 12/17/1998
    • Resistance on 01/05/1999
    • Resistance on 01/06/1999
    • Support on 03/31/1999
    • Support on 04/07/1999
    • Support on 01/24/2002
    • Support on 01/25/2002
    • Support on 04/23/2012
    • Support on 12/08/2015
    • Resistance on 12/21/2015
    • Resistance on 12/22/2015
    • Support on 02/02/2016
    • Support on 02/03/2016
    • Support on 02/10/2016
    • Resistance on 03/30/2016
    • Resistance on 03/31/2016
    • Resistance on 04/04/2016
    • Resistance on 04/05/2016
    • Support on 05/19/2016
    • Support on 05/20/2016

DateSun, 09/29/2019 - 15:13
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 2.000, beginning of uptrend is expected.
  • We make sure when the resistance at 2.500 breaks.
  • If the support at 2.000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

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) 2.250, 2.150 and minimum to Major Support (2.000) 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 44.

Take Profits:

  1. 2.250
  2. 2.400
  3. 2.500
  4. 2.700
  5. 2.850
  6. 3.050
  7. 3.350
  8. 3.700
Click on the level to view price action history.

Symbol Released Current Forecast
Natural Gas (NGAS) new Sat, 16 Nov 2019
Natural Gas (NGAS) free Sat, 2 Nov 2019
Natural Gas (NGAS) free Sat, 26 Oct 2019
Natural Gas (NGAS) Sat, 19 Oct 2019
Natural Gas (NGAS) Sat, 12 Oct 2019