Weekly NGAS Technical Analysis and Forecast - Commodities - Forecast City

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Weekly forecast		Natural Gas technical chart
Symbol	NGAS	Download MT4 template file Trading suggestion: Regarding the entry signal of DTO we will invest at Monday - if no GAP - when the market opens. We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (2.100) Support on 04/02/2012 Support on 04/09/2012 Resistance on 04/16/2012 Support on 04/27/2012 Support on 12/07/2015 Support on 12/08/2015 Resistance on 12/10/2015 Resistance on 12/24/2015 Support on 01/15/2016 Support on 01/19/2016 Support on 01/20/2016 Support on 01/21/2016 Support on 01/25/2016 Resistance on 02/04/2016 Resistance on 04/04/2016 Resistance on 04/13/2016 Support on 04/28/2016 Support on 04/29/2016 Support on 05/02/2016 Support on 05/19/2016 Support on 07/29/2019 Support on 07/30/2019 Support on 08/02/2019 Support on 08/09/2019 Support on 08/12/2019 Support on 08/13/2019 Support on 01/02/2020 Support on 01/03/2020 Support on 01/07/2020 Support on 01/08/2020 Support on 01/09/2020 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
Date	January 11, 2020 - 13:20
Current	range bound
Forecast	beginning of uptrend
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: The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased. A trough is formed in daily chart at 2.075 on 01/03/2020, so more gains to resistance(s) 2.250, 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 42. Take Profits: 2.250 Support on 12/19/2019 Support on 12/18/2019 Support on 12/13/2019 Support on 11/29/2019 Resistance on 08/28/2019 Resistance on 08/27/2019 Resistance on 08/26/2019 Resistance on 08/15/2019 Resistance on 08/01/2019 Resistance on 07/31/2019 Support on 07/18/2019 Support on 07/05/2019 Support on 07/04/2019 Support on 07/01/2019 Support on 06/27/2019 Support on 06/26/2019 Support on 06/19/2019 Resistance on 05/23/2016 Resistance on 05/13/2016 Resistance on 05/10/2016 Resistance on 05/05/2016 Resistance on 04/29/2016 Resistance on 02/01/2016 Resistance on 01/28/2016 Support on 01/12/2016 Support on 01/06/2016 Support on 01/04/2016 Support on 12/30/2015 Resistance on 12/02/2015 Resistance on 12/01/2015 Resistance on 11/30/2015 Support on 11/26/2015 Support on 11/23/2015 Support on 10/30/2015 Support on 06/08/2012 Support on 06/07/2012 Support on 05/04/2012 Support on 05/03/2012 Support on 05/02/2012 Resistance on 04/26/2012 Support on 03/28/2012 Support on 03/09/2012 Support on 03/08/2012 2.400 Resistance on 12/06/2019 Support on 10/21/2019 Support on 10/14/2019 Resistance on 10/11/2019 Support on 10/04/2019 Resistance on 07/05/2019 Resistance on 06/17/2019 Resistance on 06/14/2019 Resistance on 06/12/2019 Resistance on 06/11/2019 Resistance on 06/06/2019 Support on 06/04/2019 Support on 06/03/2019 Resistance on 12/29/2015 Resistance on 11/20/2015 Support on 11/12/2015 Support on 11/11/2015 Support on 11/10/2015 Support on 11/09/2015 Resistance on 11/04/2015 Resistance on 10/30/2015 Resistance on 10/29/2015 Support on 06/06/2012 Support on 06/05/2012 Support on 05/31/2012 Support on 05/30/2012 Support on 05/10/2012 Support on 05/09/2012 Resistance on 03/26/2012 Support on 03/21/2012 Support on 03/19/2012 Support on 03/14/2012 Resistance on 03/06/2012 Support on 02/09/2012 Support on 02/08/2012 Resistance on 01/20/2012 2.500 Support on 11/26/2019 Resistance on 10/25/2019 Resistance on 10/21/2019 Resistance on 10/17/2019 Resistance on 10/16/2019 Resistance on 10/15/2019 Support on 09/25/2019 Resistance on 09/05/2019 Support on 04/25/2019 Support on 06/09/2016 Resistance on 06/06/2016 Resistance on 01/08/2016 Resistance on 11/19/2015 Resistance on 11/06/2015 Support on 10/02/2015 2.700 Resistance on 11/22/2019 Resistance on 11/18/2019 Resistance on 10/29/2019 Resistance on 09/18/2019 Resistance on 05/21/2019 Resistance on 05/20/2019 Resistance on 05/17/2019 Resistance on 05/15/2019 Resistance on 05/14/2019 Resistance on 04/15/2019 Resistance on 04/05/2019 Resistance on 04/04/2019 Support on 04/02/2019 Support on 03/27/2019 Resistance on 02/20/2019 Resistance on 02/19/2019 Resistance on 02/12/2019 Resistance on 02/11/2019 Support on 02/01/2019 Support on 07/17/2018 Support on 05/07/2018 Support on 04/20/2018 Support on 04/19/2018 Support on 04/13/2018 Support on 04/09/2018 Support on 04/06/2018 Support on 04/05/2018 Support on 04/04/2018 Resistance on 03/22/2018 Support on 03/16/2018 Support on 03/15/2018 Support on 03/05/2018 Support on 03/02/2018 Resistance on 02/28/2018 Resistance on 02/27/2018 Resistance on 02/26/2018 Resistance on 02/22/2018 Resistance on 02/21/2018 Resistance on 02/09/2018 Support on 02/06/2018 Resistance on 12/15/2017 Support on 12/13/2017 Support on 02/28/2017 Support on 02/23/2017 Support on 02/22/2017 Support on 11/10/2016 Support on 11/09/2016 Support on 11/08/2016 Resistance on 08/22/2016 Resistance on 08/19/2016 Resistance on 08/18/2016 Support on 07/25/2016 Resistance on 07/20/2016 Support on 07/15/2016 Support on 07/14/2016 Support on 07/13/2016 Support on 07/06/2016 Support on 06/20/2016 Resistance on 10/14/2015 Resistance on 10/13/2015 Resistance on 10/12/2015 Resistance on 09/25/2015 Resistance on 09/24/2015 Support on 09/17/2015 Support on 09/11/2015 Support on 09/10/2015 Support on 09/09/2015 Support on 09/04/2015 Support on 09/01/2015 Support on 08/26/2015 Support on 08/25/2015 Support on 08/21/2015 Support on 08/18/2015 Support on 08/03/2015 Support on 07/31/2015 Support on 07/07/2015 Support on 06/09/2015 Support on 05/28/2015 Support on 05/07/2015 Resistance on 04/17/2015 Resistance on 04/16/2015 Resistance on 04/07/2015 Resistance on 04/06/2015 Resistance on 04/02/2015 Support on 03/23/2015 Support on 03/16/2015 Support on 03/13/2015 Support on 03/11/2015 Support on 03/10/2015 Support on 03/09/2015 Support on 03/04/2015 Support on 02/27/2015 Support on 02/13/2015 Support on 02/12/2015 Resistance on 02/10/2015 Resistance on 02/05/2015 Support on 01/29/2015 Support on 08/31/2012 Resistance on 08/29/2012 Resistance on 08/28/2012 Support on 07/17/2012 Support on 06/29/2012 Support on 06/28/2012 Resistance on 06/22/2012 Resistance on 06/20/2012 Resistance on 06/19/2012 Resistance on 06/18/2012 Support on 05/23/2012 Support on 05/22/2012 Support on 05/21/2012 Support on 05/18/2012 Resistance on 05/16/2012 Resistance on 02/27/2012 Support on 02/23/2012 Support on 02/22/2012 Support on 02/21/2012 Resistance on 02/16/2012 Resistance on 01/24/2012 Resistance on 01/13/2012 Support on 01/12/2012 2.850 Support on 11/06/2019 Support on 11/05/2019 Resistance on 11/04/2019 Resistance on 03/21/2019 Resistance on 03/18/2019 Resistance on 03/15/2019 Resistance on 03/14/2019 Resistance on 03/13/2019 Resistance on 03/11/2019 Resistance on 03/01/2019 Resistance on 02/28/2019 Resistance on 02/26/2019 Resistance on 01/31/2019 Support on 01/29/2019 Support on 01/10/2019 Support on 01/09/2019 Support on 01/07/2019 Support on 01/03/2019 Support on 01/02/2019 Resistance on 09/13/2018 Resistance on 09/12/2018 Resistance on 09/05/2018 Support on 09/03/2018 Support on 08/30/2018 Support on 08/29/2018 Support on 08/07/2018 Resistance on 07/09/2018 Resistance on 07/06/2018 Support on 05/22/2018 Resistance on 05/16/2018 Resistance on 05/15/2018 Resistance on 05/14/2018 Resistance on 04/26/2018 Resistance on 02/05/2018 Support on 02/01/2018 Resistance on 01/05/2018 Resistance on 12/12/2017 Resistance on 08/08/2017 Support on 07/07/2017 Resistance on 03/02/2017 Resistance on 03/01/2017 Support on 02/20/2017 Support on 11/18/2016 Support on 11/16/2016 Resistance on 11/11/2016 Resistance on 11/10/2016 Resistance on 11/09/2016 Support on 11/04/2016 Support on 11/03/2016 Support on 08/31/2016 Support on 08/30/2016 Resistance on 08/24/2016 Resistance on 08/05/2016 Resistance on 08/01/2016 Resistance on 07/11/2016 Support on 06/30/2016 Resistance on 09/15/2015 Support on 08/12/2015 Resistance on 08/10/2015 Resistance on 08/05/2015 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 06/29/2015 Resistance on 06/19/2015 Resistance on 06/09/2015 Resistance on 05/28/2015 Support on 05/26/2015 Support on 05/11/2015 Resistance on 03/20/2015 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 02/18/2015 Resistance on 02/12/2015 Support on 01/28/2015 Support on 01/26/2015 Support on 01/23/2015 Support on 01/22/2015 Support on 01/20/2015 Support on 01/08/2015 Support on 01/07/2015 Support on 01/06/2015 Resistance on 09/10/2012 Resistance on 09/06/2012 Resistance on 09/05/2012 Resistance on 09/04/2012 Support on 08/23/2012 Support on 08/22/2012 Resistance on 08/16/2012 Support on 08/03/2012 Resistance on 07/16/2012 Support on 07/13/2012 Support on 07/12/2012 Resistance on 07/02/2012 Resistance on 06/28/2012 Resistance on 06/27/2012 Resistance on 05/18/2012 Resistance on 02/17/2012 Resistance on 01/30/2012 Resistance on 01/26/2012 3.050 Resistance on 01/25/2019 Support on 01/18/2019 Resistance on 01/11/2019 Resistance on 09/24/2018 Support on 01/26/2018 Resistance on 01/12/2018 Resistance on 01/02/2018 Support on 11/22/2017 Resistance on 11/03/2017 Resistance on 10/31/2017 Resistance on 10/30/2017 Support on 10/26/2017 Resistance on 10/11/2017 Resistance on 10/05/2017 Support on 09/29/2017 Support on 09/28/2017 Resistance on 09/12/2017 Resistance on 09/07/2017 Resistance on 09/06/2017 Resistance on 09/05/2017 Resistance on 09/04/2017 Resistance on 08/31/2017 Resistance on 07/20/2017 Resistance on 07/11/2017 Resistance on 07/03/2017 Resistance on 06/30/2017 Resistance on 06/13/2017 Resistance on 06/12/2017 Resistance on 06/05/2017 Support on 06/01/2017 Support on 03/23/2017 Support on 03/13/2017 Resistance on 02/16/2017 Resistance on 02/15/2017 Resistance on 02/13/2017 Support on 11/23/2016 Resistance on 11/01/2016 Support on 10/28/2016 Support on 10/27/2016 Support on 10/26/2016 Support on 10/05/2016 Resistance on 09/30/2016 Support on 09/22/2016 3.350 Resistance on 01/17/2019 Resistance on 01/16/2019 Resistance on 01/14/2019 Support on 12/27/2018 Support on 12/26/2018 Resistance on 10/16/2018 Resistance on 10/10/2018 Resistance on 10/09/2018 Resistance on 05/25/2017 Resistance on 05/24/2017 Resistance on 05/19/2017 Resistance on 05/10/2017 Resistance on 04/10/2017 Resistance on 04/07/2017 Resistance on 04/06/2017 Resistance on 04/05/2017 Resistance on 01/30/2017 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 Resistance on 11/30/2016 Resistance on 11/28/2016 Resistance on 10/25/2016 Support on 10/13/2016 Resistance on 01/14/2015 Support on 08/15/2013 Resistance on 08/13/2013 Resistance on 08/12/2013 Support on 08/01/2013 Resistance on 02/22/2013 Resistance on 02/21/2013 Resistance on 02/20/2013 Resistance on 02/01/2013 Resistance on 01/31/2013 Resistance on 01/30/2013 Support on 01/16/2013 Support on 01/15/2013 Resistance on 01/11/2013 Resistance on 01/07/2013 Resistance on 01/02/2013 Support on 12/31/2012 Support on 12/28/2012 Support on 12/27/2012 Support on 12/26/2012 Support on 12/20/2012 Support on 12/19/2012 Support on 12/13/2012 Support on 10/09/2012 Support on 10/08/2012 Support on 10/05/2012 Support on 10/03/2012 3.700 Resistance on 12/24/2018 Resistance on 12/21/2018 Resistance on 12/20/2018 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