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Weekly forecast Natural Gas technical chart
Symbol NGAS

Download MT4 template file

Trade Setup
#NAT.GAS
Total Profit: 609 point
Closed trade(s): 345 point Profit
Open trade(s): 264 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.
TP7 @ 2.95 touched at 2020.09.24 with 110 point Profit.
5 + 15 + 25 + 40 + 65 + 85 + 110 = 345 point

Open Profit:
Profit for one trade is 3.17(current price) - 1.85(open price) = 132 point
2 trade(s) still open, therefore total profit for open trade(s) is 132 x 2 = 264 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 2.450 is broken, we will close open trades.

DateOctober 17, 2020 - 20:32
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 2.450 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 2.450 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 2.590 on 10/02/2020, so more gains to resistance(s) 3.250, 3.650, 4.050 and more heights 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 67.

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) 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
Natural Gas (NGAS) free Sat, 19 Sep 2020