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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 (2.050 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 (2.050)
    • Resistance on 04/11/2012
    • Resistance on 04/12/2012
    • Resistance on 04/18/2012
    • Resistance on 04/19/2012
    • Support on 12/08/2015
    • Support on 02/02/2016
    • Support on 02/03/2016
    • Resistance on 03/30/2016
    • Resistance on 03/31/2016
    • Resistance on 04/04/2016
    • Resistance on 04/05/2016
    • Resistance on 04/15/2016
    • Support on 08/05/2019
  • Ending of entry zone (2.000)
    • Resistance on 04/12/2012
    • Resistance on 04/13/2012
    • Support on 04/23/2012
    • Support on 12/11/2015
    • Resistance on 12/21/2015
    • Resistance on 12/22/2015
    • Support on 02/04/2016
    • Support on 02/12/2016
    • Resistance on 03/17/2016
    • Resistance on 03/18/2016
    • Resistance on 04/11/2016

DateDecember 7, 2019 - 19:46
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

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:

  • A trough is formed in daily chart at 2.555 on 11/20/2019, so more gains to resistance(s) 2.400 and maximum to Major Resistance (2.500) 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 38.

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) free Sat, 1 Aug 2020
Natural Gas (NGAS) Sat, 25 Jul 2020
Natural Gas (NGAS) Sat, 18 Jul 2020
Natural Gas (NGAS) Sat, 11 Jul 2020
Natural Gas (NGAS) Sat, 4 Jul 2020