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Weekly forecast Natural Gas technical chart
Symbol NGAS
Trade Setup

Total Profit: 0 point
Closed trade(s): 0 point Profit
Open trade(s): 0 point Profit

Trade Setup:
We opened 8 BUY trades @ 7.051 based on 'Hammer' entry method at 2022-09-28.

Open Profit:
Profit for one BUY trade is 7.045(current price) - 7.051(open price) = 0 point
8 trade(s) still open, therefore total profit for open trade(s) is 0 x 8 = 0 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.

DateSeptember 29, 2022 - 00:23
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 6.500, beginning of uptrend is expected.
  • We make sure when the resistance at 9.960 breaks.
  • If the support at 6.500 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 9.245 on 09/14/2022, so more losses to support(s) 7.000, 6.788 and minimum to Major Support (6.500) 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 36.

Take Profits:

  1. 7.368
  2. 7.767
  3. 8.236
  4. 8.848
  5. 9.382
  6. 9.960
  7. 10.514
Click on the level to view price action history.

Symbol Released Current Forecast
Natural Gas (NGAS) new Sat, 26 Nov 2022
Natural Gas (NGAS) new free Wed, 23 Nov 2022
Natural Gas (NGAS) free Sat, 19 Nov 2022
Natural Gas (NGAS) Sat, 12 Nov 2022
Natural Gas (NGAS) Wed, 9 Nov 2022