website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Natural Gas technical chart
Symbol NGAS

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (2.330 to 2.050). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (2.330)
  • Ending of entry zone (2.050)

DateMay 20, 2023 - 03:44
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 2.050, beginning of uptrend is expected.
  • We make sure when the resistance at 3.506 breaks.
  • If the support at 2.050 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 2.125 on 05/05/2023, so more gains to resistance(s) 2.733, 2.983 and maximum to Major Resistance (3.506) 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 66.

Take Profits:

  1. 2.983
  2. 3.506
  3. 4.036
  4. 4.470
  5. 5.350
  6. 5.982
  7. 6.808
  8. 7.362
  9. 8.140
  10. 8.848
  11. 9.382
  12. 9.960
  13. 10.514
Click on the level to view price action history.

Symbol Released Current Forecast
Natural Gas (NGAS) free Sat, 15 Jun 2024
Natural Gas (NGAS) free Sat, 8 Jun 2024
Natural Gas (NGAS) free Sat, 1 Jun 2024
Natural Gas (NGAS) free Sat, 25 May 2024
Natural Gas (NGAS) Sat, 25 May 2024