website utilities

Follow us:
+1 (646) 48 000 22 (New York, USA)

Trend Hunter performance since 2015 for this symbol

You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Natural Gas technical chart
Symbol NGAS

Download MT4 template file

Trade Setup
Total Profit: 8 point
Closed trade(s): 0 point Profit
Open trade(s): 8 point Profit

Trade Setup:
We opened 8 BUY trade(s) @ 2.33 (day close price) based on 'Valley' at 2019.10.03.

Open Profit:
Profit for one trade is 2.34(current price) - 2.33(open price) = 1 point
8 trade(s) still open, therefore total profit for open trade(s) is 1 x 8 = 8 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, 10/05/2019 - 21:18
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 2.700 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.
  • A trough is formed in daily chart at 2.210 on 10/03/2019, so more gains to resistance(s) 2.400, 2.500 and maximum to Major Resistance (2.700) 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. 2.400
  2. 2.500
  3. 2.700
  4. 2.850
  5. 3.050
  6. 3.350
  7. 3.700
Click on the level to view price action history.

Symbol Released Current Forecast
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
Natural Gas (NGAS) Sat, 25 Apr 2020