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Weekly forecast Natural Gas technical chart
Symbol NGAS

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Trade Setup

#NAT.GAS
Total Profit: 244 point
Closed trade(s): 54 point Profit
Open trade(s): 190 point Profit

Trade Setup:
We opened 8 BUY trade(s) @ 2.57 based on 'Valley' entry method at 2021.03.19.

Closed Profit:
TP1 @ 2.60 touched at 2021.03.22 with 3 point Profit.
TP2 @ 2.75 touched at 2021.04.16 with 18 point Profit.
TP3 @ 2.90 touched at 2021.04.27 with 33 point Profit.
3 + 18 + 33 = 54 point

Open Profit:
Profit for one trade is 2.95(current price) - 2.57(open price) = 38 point
5 trade(s) still open, therefore total profit for open trade(s) is 38 x 5 = 190 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 1, 2021 - 11:59
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 2.250, beginning of uptrend is expected.
  • We make sure when the resistance at 3.000 breaks.
  • If the support at 2.250 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 3.000 on 04/28/2021, so more losses to support(s) 2.900, 2.750, 2.600 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 68.

Take Profits:

  1. 2.600
  2. 2.750
  3. 2.900
  4. 3.000
  5. 3.150
  6. 3.400
  7. 3.650
Click on the level to view price action history.

Symbol Released Current Forecast
Natural Gas (NGAS) new Sat, 8 May 2021
Natural Gas (NGAS) free Sat, 1 May 2021
Natural Gas (NGAS) free Sat, 24 Apr 2021
Natural Gas (NGAS) Sat, 17 Apr 2021
Natural Gas (NGAS) free Sat, 10 Apr 2021