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Weekly forecast Natural Gas technical chart
Symbol NGAS

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Trade Setup

#NAT.GAS
Total Profit: 475 point
Closed trade(s): 346 point Profit
Open trade(s): 129 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 3.86(current price) - 2.57(open price) = 129 point
1 trade(s) still open, therefore total profit for open trade(s) is 129 x 1 = 129 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 3.400 is broken, we will close open trades.

DateAugust 14, 2021 - 15:48
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 3.400, resumption of uptrend is expected.
  • We make sure when the resistance at 4.200 breaks.
  • If the support at 3.400 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 3.400 is broken.

Technical analysis:

  • The RSI support #1 at 52 is broken, so the probability of resumption of uptrend is decreased.
  • A peak is formed in daily chart at 4.195 on 08/05/2021, so more losses to support(s) 3.800, 3.650 and minimum to Major Support (3.400) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 48.

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