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Weekly forecast Natural Gas technical chart
Symbol NGAS

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Trade Setup
#NAT.GAS
Total Profit: 457 point
Closed trade(s): 235 point Profit
Open trade(s): 222 point Profit

Trade Setup:
We opened 9 BUY trade(s) @ 1.85 (day close price) based on 'Valley' at 2020.07.06.

Closed Profit:
TP1 @ 1.90 touched at 2020.07.07 with 5 point Profit.
TP2 @ 2.00 touched at 2020.08.03 with 15 point Profit.
TP3 @ 2.10 touched at 2020.08.03 with 25 point Profit.
TP4 @ 2.25 touched at 2020.08.04 with 40 point Profit.
TP5 @ 2.50 touched at 2020.08.17 with 65 point Profit.
TP6 @ 2.70 touched at 2020.08.27 with 85 point Profit.
5 + 15 + 25 + 40 + 65 + 85 = 235 point

Open Profit:
Profit for one trade is 2.59(current price) - 1.85(open price) = 74 point
3 trade(s) still open, therefore total profit for open trade(s) is 74 x 3 = 222 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.
  • If the Midterm level 2.250 is broken, we will close open trades.

DateSeptember 19, 2020 - 17:11
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 2.250 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 2.250 is broken.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of continuation of uptrend is decreased.
  • A peak is formed in daily chart at 2.810 on 09/03/2020, so more losses to support(s) 2.500, 2.350 and minimum to Major Support (2.250) 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 54.

Take Profits:

  1. 1.900
  2. 2.000
  3. 2.100
  4. 2.250
  5. 2.500
  6. 2.700
  7. 2.950
  8. 3.650
Click on the level to view price action history.

Symbol Released Current Forecast
Natural Gas (NGAS) new Sat, 24 Oct 2020
Natural Gas (NGAS) free Sat, 17 Oct 2020
Natural Gas (NGAS) free Sat, 10 Oct 2020
Natural Gas (NGAS) Sat, 3 Oct 2020
Natural Gas (NGAS) Sat, 26 Sep 2020