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Weekly forecast Natural Gas technical chart
Symbol NGAS

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (2.550 to 2.450). 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 (2.550)
    • Support on 02/15/2019
    • Support on 04/16/2019
  • Ending of entry zone (2.450)
    • Support on 04/16/1998
    • Support on 04/17/1998
    • Support on 04/20/1998
    • Resistance on 09/30/1998
    • Resistance on 10/02/1998
    • Resistance on 11/03/1998
    • Resistance on 11/04/1998
    • Support on 11/10/1998
    • Resistance on 06/03/1999
    • Support on 09/02/1999
    • Support on 11/16/1999
    • Support on 11/17/1999
    • Support on 11/18/1999
    • Resistance on 12/03/1999
    • Resistance on 12/10/1999
    • Resistance on 01/19/2000
    • Support on 01/21/2000
    • Resistance on 09/05/2001
    • Resistance on 09/06/2001
    • Resistance on 09/17/2001
    • Resistance on 10/04/2001
    • Support on 10/19/2001
    • Support on 12/05/2001
    • Support on 12/06/2001
    • Support on 01/02/2002
    • Resistance on 01/03/2002
    • Resistance on 02/20/2002
    • Resistance on 02/21/2002
    • Resistance on 02/22/2002
    • Resistance on 02/27/2002
    • Resistance on 02/28/2002
    • Support on 03/06/2002
    • Support on 01/17/2012
    • Support on 01/18/2012
    • Support on 01/23/2012
    • Support on 02/03/2012
    • Support on 02/06/2012
    • Support on 02/07/2012
    • Support on 02/09/2012
    • Support on 02/10/2012
    • Support on 02/14/2012
    • Support on 02/16/2012
    • Support on 03/01/2012
    • Support on 03/02/2012
    • Resistance on 05/31/2012
    • Support on 10/07/2015
    • Support on 10/08/2015
    • Resistance on 10/26/2015
    • Resistance on 11/16/2015
    • Resistance on 01/11/2016
    • Resistance on 06/03/2016
    • Resistance on 06/06/2016
    • Support on 06/09/2016
    • Trough on 04/25/2019

DateApril 27, 2019 - 18:50
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 2.950 would begin in Midterm.

Technical analysis:

  • While the RSI resistance #1 at 52 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 2.450 on 04/25/2019, so more gains to resistance(s) 2.650, 2.750, 2.850 and maximum to Major Resistance (2.950) 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 44.

Take Profits:

  1. 2.650
  2. 2.750
  3. 2.850
  4. 2.950
  5. 3.150
  6. 3.350
  7. 3.700
  8. 4.050
  9. 4.900
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