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Weekly forecast Natural Gas technical chart
Symbol NGAS

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateJanuary 12, 2019 - 16:48
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 2.850, beginning of uptrend is expected.
  • We make sure when the resistance at 3.900 breaks.
  • If the support at 2.850 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.
  • While the RSI resistance #2 at 52 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 2.870 on 01/03/2019, so more gains to resistance(s) 3.150, 3.350, 3.500 and maximum to Major Resistance (3.900) 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 40.

Supports and Resistances:

  1. 5.000
  2. 4.250
  3. 4.050
  4. 3.900
  5. 3.500
  6. 3.350
  7. 2.850
  8. 2.750
  9. 2.650
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