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Weekly forecast Natural Gas technical chart
Symbol NGAS

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Trade Setup

#NAT.GAS
Total Profit: 359 point
Closed trade(s): 155 point Profit
Open trade(s): 204 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.
TP4 @ 3.00 touched at 2021.05.04 with 43 point Profit.
TP5 @ 3.15 touched at 2021.05.17 with 58 point Profit.
3 + 18 + 33 + 43 + 58 = 155 point

Open Profit:
Profit for one trade is 3.25(current price) - 2.57(open price) = 68 point
3 trade(s) still open, therefore total profit for open trade(s) is 68 x 3 = 204 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 2.900 is broken, we will close open trades.

DateJune 20, 2021 - 13:56
Currentuptrend
Forecastcontinuation of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 2.900, continuation of uptrend is expected.
  • We make sure when the resistance at 3.400 breaks.
  • If the support at 2.900 is broken, the short-term forecast -continuation of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 2.900 is broken.

Technical analysis:

  • A peak is formed in daily chart at 3.380 on 06/15/2021, so more losses to support(s) 3.200, 3.150, 3.000 and minimum to Major Support (2.900) 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 62.

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) Sat, 31 Jul 2021
Natural Gas (NGAS) free Sat, 24 Jul 2021
Natural Gas (NGAS) Sun, 18 Jul 2021
Natural Gas (NGAS) Sat, 10 Jul 2021
Natural Gas (NGAS) Sun, 4 Jul 2021