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Weekly forecast Natural Gas technical chart
Symbol NGAS
Trade Setup

#NAT.GAS
Total Profit: 662 point
Closed trade(s): 422 point Profit
Open trade(s): 240 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 @ 3.65 touched at 2021.06.29 with 108 point Profit.
TP7 @ 4.16 touched at 2021.08.04 with 159 point Profit.
3 + 18 + 33 + 43 + 58 + 108 + 159 = 422 point

Open Profit:
Profit for one trade is 4.97(current price) - 2.57(open price) = 240 point
1 trade(s) still open, therefore total profit for open trade(s) is 240 x 1 = 240 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 4.160 is broken, we will close open trades.

DateSeptember 12, 2021 - 13:28
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 4.160 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 4.160 is broken.

Technical analysis:

  • A trough is formed in daily chart at 3.730 on 08/19/2021, so more gains to resistance(s) 5.000 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 75.

Take Profits:

  1. 2.600
  2. 2.750
  3. 2.900
  4. 3.000
  5. 3.150
  6. 3.650
  7. 4.160
Click on the level to view price action history.

Symbol Released Current Forecast
Natural Gas (NGAS) new 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
Natural Gas (NGAS) Sat, 17 Feb 2024