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Weekly forecast Natural Gas technical chart
Symbol NGAS

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Trade Setup
#NAT.GAS
Total Profit: 138 point
Closed trade(s): 18 point Profit
Open trade(s): 120 point Profit

Trade Setup:
We opened 9 BUY trade(s) @ 1.82 (day close price) based on 'Valley' at 2020.04.16.

Closed Profit:
TP1 @ 2.00 touched at 2020.04.20 with 18 point Profit.

Open Profit:
Profit for one trade is 1.97(current price) - 1.82(open price) = 15 point
8 trade(s) still open, therefore total profit for open trade(s) is 15 x 8 = 120 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.
DateMay 2, 2020 - 13:59
Currentrange bound
Forecastbeginning of uptrend

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:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 1.817 on 04/27/2020, so more gains to resistance(s) 2.000 and maximum to Major Resistance (2.100) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 55.

Take Profits:

  1. 2.000
  2. 2.100
  3. 2.250
  4. 2.400
  5. 2.700
  6. 2.950
  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.