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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Natural Gas technical chart
Symbol NGAS

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Trade Setup
#NAT.GAS
Total Profit: -432 point
Closed trade(s): 0 point Profit
Open trade(s): -432 point 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 1.70(current price) - 2.18(open price) = -48 point
9 trade(s) still open, therefore total profit for open trade(s) is -48 x 9 = -432 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, 04/04/2020 - 13:52
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 1.550, beginning of uptrend is expected.
  • We make sure when the resistance at 2.100 breaks.
  • If the support at 1.550 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 1.78 on 2020-02-10 and the trough at 1.585 on 2020-03-23, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 1.570 on 04/02/2020, so more gains to resistance(s) 1.750, 2.000 and maximum to Major Resistance (2.100) 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 47.

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, 30 May 2020
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