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Weekly forecast Natural Gas technical chart
Symbol NGAS

Download MT4 template file

Trade Setup
#NAT.GAS
Total Profit: 1844 pip
Closed trade(s): 902 pip Profit
Open trade(s): 942 pip Profit

Trade Setup:
We opened 9 BUY trade(s) @ 1.816 (day close price) based on 'Valley' at 2020.04.16.

Closed Profit:
TP1 @ 2.000 touched at 2020.04.20 with 184 pip Profit.
TP2 @ 2.100 touched at 2020.05.04 with 284 pip Profit.
TP3 @ 2.250 touched at 2020.05.05 with 434 pip Profit.
184 + 284 + 434 = 902 pip

Open Profit:
Profit for one trade is 1.973(current price) - 1.816(open price) = 157 pip
6 trade(s) still open, therefore total profit for open trade(s) is 157 x 6 = 942 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.

DateMay 9, 2020 - 14:13
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 2.250 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 peak is formed in daily chart at 2.258 on 05/05/2020, so more losses to support(s) 1.850, 1.750 and minimum to Major Support (1.550) 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 52.

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, 23 Mar 2024
Natural Gas (NGAS) Sat, 16 Mar 2024
Natural Gas (NGAS) Sat, 9 Mar 2024
Natural Gas (NGAS) Sat, 2 Mar 2024
Natural Gas (NGAS) Sat, 24 Feb 2024