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Weekly forecast Natural Gas technical chart
Symbol NGAS

Download MT4 template file

Trade Setup
#NAT.GAS
Total Profit: -288 pip
Closed trade(s): 0 pip Profit
Open trade(s): -288 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 2.18 (day close price) based on 'Valley' at 2020.01.10.

Open Profit:
Profit for one trade is 1.86(current price) - 2.18(open price) = -32 pip
9 trade(s) still open, therefore total profit for open trade(s) is -32 x 9 = -288 pip

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.
DateJanuary 25, 2020 - 20:22
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.700, beginning of uptrend is expected.
  • We make sure when the resistance at 2.250 breaks.
  • If the support at 1.700 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 43 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 2.210 on 01/14/2020, so more losses to support(s) 1.850 and minimum to Major Support (1.700) 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 23.

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) 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
History
Daily-Trading-Opportunities on NGAS.