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Weekly forecast Natural Gas technical chart
Symbol NGAS

Download MT4 template file

Trade Setup

#NAT.GAS
Total Profit: 490 point
Closed trade(s): 346 point Profit
Open trade(s): 144 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.
TP6 @ 3.40 touched at 2021.06.23 with 83 point Profit.
TP7 @ 3.65 touched at 2021.06.29 with 108 point Profit.
3 + 18 + 33 + 43 + 58 + 83 + 108 = 346 point

Open Profit:
Profit for one trade is 4.01(current price) - 2.57(open price) = 144 point
1 trade(s) still open, therefore total profit for open trade(s) is 144 x 1 = 144 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 3.150 is broken, we will close open trades.

DateJuly 24, 2021 - 06:07
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 3.150 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 3.150 is broken.

Technical analysis:

  • While the RSI support #1 at 52 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 3.500 on 07/07/2021, so more gains to resistance(s) 4.050, 4.650, 4.900 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 74.

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, 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