Weekly NGAS Technical Analysis and Forecast - Commodities

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Weekly forecast Natural Gas technical chart

Symbol

NGAS

Download MT4 template file

Trade Setup

#NATGAS
Total Profit: -256 point
Closed trade(s): 5 point Profit
Open trade(s): -261 point Profit

Trade Setup:
We opened 10 BUY trade(s) @ 2.60 (day close price) based on 'Valley' at 2019.05.08.

Closed Profit:
TP1 @ 2.65 touched at 2019.05.14 with 5 point Profit.

Open Profit:
Profit for one trade is 2.31(current price) - 2.60(open price) = -29 point
9 trade(s) still open, therefore total profit for open trade(s) is -29 x 9 = -261 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.

Date June 29, 2019 - 19:44

Current range bound

Forecast beginning of uptrend

Midterm forecast:

While the price is above the support 1.600, beginning of uptrend is expected.
We make sure when the resistance at 2.500 breaks.
If the support at 1.600 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

The RSI bounced from the support #1 at 26 and it prevented price from more losses.
While the RSI resistance #2 at 55 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 2.150 on 06/20/2019, so more gains to resistance(s) 2.400, 2.450 and maximum to Major Resistance (2.500) 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 43.

Take Profits:

2.650
- Resistance on 05/29/2019
- Resistance on 05/17/2019
- Resistance on 05/16/2019
- Resistance on 05/15/2019
- Resistance on 05/14/2019
- Resistance on 05/13/2019
- Resistance on 05/10/2019
- Resistance on 04/15/2019
- Support on 04/11/2019
- Support on 04/08/2019
- Support on 04/03/2019
- Support on 04/01/2019
- Support on 03/29/2019
- Support on 02/21/2019
- Resistance on 02/18/2019
- Resistance on 02/11/2019
- Support on 02/06/2019
- Support on 02/05/2019
- Support on 02/04/2019
- Support on 04/20/2018
- Support on 04/19/2018
- Support on 04/12/2018
- Support on 04/11/2018
- Support on 04/10/2018
- Support on 04/09/2018
- Support on 04/05/2018
- Support on 04/02/2018
- Support on 03/27/2018
- Resistance on 03/22/2018
- Support on 03/20/2018
- Support on 03/19/2018
- Support on 03/15/2018
- Support on 03/01/2018
- Support on 02/28/2018
- Support on 02/27/2018
- Support on 02/26/2018
- Support on 02/23/2018
- Support on 02/22/2018
- Resistance on 02/19/2018
- Support on 12/18/2017
- Support on 12/14/2017
- Support on 12/13/2017
- Support on 02/28/2017
- Support on 02/27/2017
- Support on 02/22/2017
- Support on 11/16/2016
- Support on 11/14/2016
- Support on 09/07/2016
- Resistance on 08/17/2016
- Resistance on 08/10/2016
- Support on 07/28/2016
- Support on 07/27/2016
- Support on 07/26/2016
- Support on 07/22/2016
- Support on 07/21/2016
- Support on 06/24/2016
- Support on 06/23/2016
- Resistance on 06/17/2016
- Resistance on 09/23/2015
- Resistance on 09/22/2015
- Resistance on 09/18/2015
- Support on 09/16/2015
- Support on 09/11/2015
- Support on 09/10/2015
- Support on 09/09/2015
- Support on 08/31/2015
- Support on 08/28/2015
- Support on 08/27/2015
- Support on 08/25/2015
- Support on 08/24/2015
- Support on 07/09/2015
- Resistance on 04/23/2015
- Resistance on 04/22/2015
- Resistance on 04/09/2015
- Resistance on 04/01/2015
- Support on 03/27/2015
- Support on 03/26/2015
- Support on 03/11/2015
- Support on 03/09/2015
- Support on 03/02/2015
- Support on 02/13/2015
- Support on 02/04/2015
- Support on 02/03/2015
- Support on 02/02/2015
- Support on 01/30/2015
- Support on 01/29/2015
- Support on 08/30/2012
- Support on 08/27/2012
- Support on 06/28/2012
- Resistance on 06/22/2012
- Resistance on 01/24/2012
- Support on 01/13/2012
- Support on 01/12/2012
- Support on 09/08/2009
- Support on 08/07/2002
- Support on 12/20/2001
- Support on 12/18/2001
- Support on 12/17/2001
- Resistance on 12/07/2001
- Resistance on 12/03/2001
- Resistance on 11/28/2001
- Resistance on 11/16/2001
- Support on 11/14/2001
- Support on 10/23/2001
- Resistance on 10/16/2001
- Support on 02/29/2000
- Resistance on 02/25/2000
- Resistance on 02/18/2000
- Support on 02/03/2000
- Resistance on 01/28/2000
- Resistance on 01/27/2000
- Resistance on 12/16/1999
- Resistance on 11/12/1999
- Support on 11/08/1999
- Resistance on 10/07/1999
- Resistance on 10/05/1999
- Resistance on 09/28/1999
- Resistance on 09/27/1999
- Resistance on 09/17/1999
- Resistance on 09/15/1999
- Support on 08/06/1999
- Resistance on 08/05/1999
- Resistance on 08/04/1999
- Resistance on 11/09/1998
- Support on 04/08/1998
2.750
- Support on 03/18/2019
- Support on 03/13/2019
- Support on 03/12/2019
- Support on 03/11/2019
- Support on 02/27/2019
- Support on 02/26/2019
- Support on 02/25/2019
- Resistance on 02/22/2019
- Resistance on 02/11/2019
- Support on 09/14/2018
- Support on 09/10/2018
- Support on 09/07/2018
- Support on 07/27/2018
- Support on 07/20/2018
- Support on 07/16/2018
- Support on 07/13/2018
- Support on 05/02/2018
- Support on 05/01/2018
- Support on 04/30/2018
- Support on 04/24/2018
- Resistance on 04/19/2018
- Resistance on 04/18/2018
- Resistance on 04/17/2018
- Resistance on 04/16/2018
- Resistance on 04/13/2018
- Resistance on 04/02/2018
- Resistance on 03/29/2018
- Resistance on 03/15/2018
- Resistance on 03/09/2018
- Resistance on 03/06/2018
- Support on 02/06/2018
- Support on 02/05/2018
- Support on 01/05/2018
- Resistance on 12/27/2017
- Resistance on 12/20/2017
- Resistance on 12/19/2017
- Resistance on 12/18/2017
- Support on 12/08/2017
- Support on 12/07/2017
- Support on 08/07/2017
- Support on 08/04/2017
- Support on 08/01/2017
- Support on 03/02/2017
- Support on 03/01/2017
- Resistance on 11/15/2016
- Resistance on 11/14/2016
- Support on 11/04/2016
- Support on 11/03/2016
- Support on 11/02/2016
- Support on 09/05/2016
- Support on 08/05/2016
- Support on 08/01/2016
- Resistance on 07/25/2016
- Support on 07/08/2016
- Support on 07/06/2016
- Support on 07/05/2016
- Resistance on 06/27/2016
- Resistance on 06/23/2016
- Resistance on 08/21/2015
- Support on 08/07/2015
- Support on 08/06/2015
- Support on 07/30/2015
- Resistance on 07/08/2015
- Support on 07/03/2015
- Support on 07/01/2015
- Support on 06/30/2015
- Support on 06/26/2015
- Support on 06/22/2015
- Support on 06/19/2015
- Support on 06/15/2015
- Support on 06/12/2015
- Resistance on 04/30/2015
- Resistance on 03/26/2015
- Support on 03/24/2015
- Support on 03/20/2015
- Support on 03/05/2015
- Support on 02/18/2015
- Support on 02/17/2015
- Resistance on 02/10/2015
- Support on 01/22/2015
- Support on 09/19/2012
- Support on 09/18/2012
- Support on 09/06/2012
- Resistance on 08/30/2012
- Support on 08/23/2012
- Support on 08/21/2012
- Support on 08/20/2012
- Support on 08/14/2012
- Support on 08/10/2012
- Support on 07/17/2012
- Support on 07/12/2012
- Support on 07/11/2012
- Support on 07/06/2012
- Resistance on 06/25/2012
- Resistance on 01/30/2012
- Resistance on 01/27/2012
- Resistance on 01/26/2012
- Support on 01/11/2012
- Support on 09/10/2009
- Resistance on 09/04/2009
- Resistance on 08/08/2002
- Support on 07/11/2002
- Support on 03/14/2002
- Resistance on 12/31/2001
- Resistance on 12/27/2001
- Support on 12/21/2001
- Resistance on 12/19/2001
- Resistance on 12/18/2001
- Resistance on 12/10/2001
- Resistance on 11/30/2001
- Resistance on 11/29/2001
- Resistance on 11/28/2001
- Resistance on 11/26/2001
- Support on 11/13/2001
- Support on 03/23/2000
- Support on 03/15/2000
- Support on 03/03/2000
- Resistance on 02/04/2000
- Resistance on 02/03/2000
- Resistance on 02/01/2000
2.850
- Resistance on 03/18/2019
- Resistance on 03/15/2019
- Resistance on 03/14/2019
- Resistance on 03/11/2019
- Resistance on 03/04/2019
- Resistance on 03/01/2019
- Resistance on 02/28/2019
- Resistance on 02/26/2019
- Resistance on 02/01/2019
- Support on 01/30/2019
- Support on 01/29/2019
- Support on 01/28/2019
- Support on 01/03/2019
- Resistance on 09/13/2018
- Resistance on 09/12/2018
- Support on 09/03/2018
- Support on 08/30/2018
- Support on 08/27/2018
- Support on 08/07/2018
- Resistance on 08/03/2018
- Resistance on 07/09/2018
- Support on 07/03/2018
- Support on 07/02/2018
- Support on 05/29/2018
- Support on 05/22/2018
- Resistance on 05/18/2018
- Resistance on 05/17/2018
- Resistance on 05/15/2018
- Resistance on 02/05/2018
- Support on 02/02/2018
- Support on 02/01/2018
- Support on 01/10/2018
- Support on 01/04/2018
- Support on 11/01/2017
- Support on 10/20/2017
- Support on 10/19/2017
- Support on 10/18/2017
- Support on 10/06/2017
- Support on 08/17/2017
- Support on 07/24/2017
- Support on 03/06/2017
- Support on 02/20/2017
- Resistance on 11/18/2016
- Resistance on 11/08/2016
- Resistance on 11/07/2016
- Resistance on 11/03/2016
- Resistance on 11/02/2016
- Support on 10/03/2016
- Support on 09/16/2016
- Resistance on 08/24/2016
- Resistance on 08/04/2016
- Resistance on 08/03/2016
- Resistance on 08/01/2016
- Resistance on 07/11/2016
- Support on 06/30/2016
- Resistance on 08/11/2015
- Resistance on 08/10/2015
- Resistance on 08/05/2015
- Resistance on 07/29/2015
- Resistance on 07/28/2015
- Support on 07/22/2015
- Support on 07/17/2015
- Support on 07/16/2015
- Resistance on 07/03/2015
- Resistance on 07/02/2015
- Resistance on 07/01/2015
- Resistance on 06/18/2015
- Resistance on 06/09/2015
- Resistance on 05/28/2015
- Support on 05/25/2015
- Resistance on 03/20/2015
- Resistance on 03/17/2015
- Resistance on 03/12/2015
- Resistance on 03/11/2015
- Resistance on 03/06/2015
- Resistance on 03/05/2015
- Support on 02/25/2015
- Support on 02/24/2015
- Support on 02/23/2015
- Resistance on 02/19/2015
- Resistance on 02/12/2015
- Resistance on 02/11/2015
- Support on 01/27/2015
- Support on 01/21/2015
- Support on 01/20/2015
- Support on 01/08/2015
- Support on 01/07/2015
- Support on 01/06/2015
- Support on 01/02/2015
- Resistance on 09/19/2012
- Support on 09/17/2012
- Resistance on 09/06/2012
- Resistance on 08/22/2012
- Resistance on 08/14/2012
- Resistance on 08/10/2012
- Support on 08/06/2012
- Support on 08/03/2012
- Resistance on 07/11/2012
- Resistance on 09/08/2009
- Resistance on 09/02/2009
- Support on 07/30/2002
- Support on 07/24/2002
- Support on 07/19/2002
- Support on 07/16/2002
- Support on 07/10/2002
- Support on 03/13/2002
- Support on 03/12/2002
- Resistance on 12/17/2001
- Resistance on 12/14/2001
- Resistance on 11/21/2001
- Support on 11/09/2001
- Support on 11/08/2001
- Support on 11/07/2001
- Support on 11/06/2001
- Support on 10/25/2001
- Resistance on 10/23/2001
- Resistance on 10/22/2001
- Support on 03/29/2000
- Resistance on 03/23/2000
- Resistance on 03/17/2000
- Resistance on 03/02/2000
- Support on 11/03/1999
- Support on 11/01/1999
- Support on 10/18/1999
- Support on 10/12/1999
- Resistance on 10/11/1999
- Support on 08/30/1999
- Support on 08/27/1999
2.950
- Support on 01/25/2019
- Support on 01/22/2019
- Support on 01/10/2019
- Support on 01/09/2019
- Support on 01/02/2019
- Support on 09/27/2018
- Support on 09/24/2018
- Resistance on 08/17/2018
- Resistance on 08/15/2018
- Resistance on 08/14/2018
- Resistance on 08/10/2018
- Resistance on 08/09/2018
- Resistance on 08/08/2018
- Resistance on 06/29/2018
- Support on 06/21/2018
- Resistance on 06/12/2018
- Resistance on 06/11/2018
- Resistance on 06/07/2018
- Resistance on 05/31/2018
- Support on 05/28/2018
- Resistance on 02/01/2018
- Resistance on 12/29/2017
- Resistance on 12/28/2017
- Support on 12/04/2017
- Support on 10/27/2017
- Resistance on 10/11/2017
- Resistance on 10/05/2017
- Support on 09/06/2017
- Support on 09/05/2017
- Resistance on 07/26/2017
- Support on 07/21/2017
- Resistance on 07/10/2017
- Resistance on 07/07/2017
- Resistance on 06/23/2017
- Support on 06/13/2017
- Support on 06/05/2017
- Support on 03/10/2017
- Resistance on 03/08/2017
- Resistance on 03/06/2017
- Resistance on 02/16/2017
- Support on 10/26/2016
- Support on 10/21/2016
- Support on 10/05/2016
- Support on 09/29/2016
- Support on 09/28/2016
- Support on 09/23/2016
- Resistance on 09/19/2016
- Resistance on 09/16/2016
- Resistance on 09/14/2016
- Resistance on 08/26/2016
- Resistance on 06/29/2016
- Resistance on 07/23/2015
- Resistance on 06/17/2015
3.150
- Resistance on 01/25/2019
- Resistance on 01/24/2019
- Resistance on 01/23/2019
- Resistance on 01/22/2019
- Resistance on 01/21/2019
- Resistance on 01/11/2019
- Support on 11/02/2018
- Support on 10/30/2018
- Support on 10/29/2018
- Support on 10/26/2018
- Support on 10/19/2018
- Support on 10/11/2018
- Support on 10/04/2018
- Support on 10/03/2018
- Resistance on 01/25/2018
- Support on 01/19/2018
- Support on 01/18/2018
- Resistance on 01/16/2018
- Resistance on 01/15/2018
- Resistance on 11/28/2017
- Resistance on 11/21/2017
- Resistance on 11/15/2017
- Resistance on 11/14/2017
- Resistance on 11/08/2017
- Resistance on 11/07/2017
- Resistance on 10/25/2017
- Resistance on 10/24/2017
- Resistance on 09/20/2017
- Resistance on 09/19/2017
- Resistance on 09/18/2017
- Resistance on 05/31/2017
- Support on 05/18/2017
- Support on 05/17/2017
- Support on 05/08/2017
- Support on 05/04/2017
- Support on 04/26/2017
- Support on 04/25/2017
- Support on 04/24/2017
- Support on 04/20/2017
- Support on 04/17/2017
- Support on 04/13/2017
- Support on 04/12/2017
- Support on 04/11/2017
- Support on 03/31/2017
- Support on 03/30/2017
- Support on 03/29/2017
- Resistance on 03/27/2017
- Resistance on 02/09/2017
- Resistance on 02/08/2017
- Resistance on 02/07/2017
- Support on 02/02/2017
- Support on 01/23/2017
- Support on 01/05/2017
- Resistance on 11/23/2016
- Resistance on 10/31/2016
- Resistance on 10/26/2016
- Support on 10/19/2016
- Support on 10/13/2016
- Support on 10/10/2016
- Support on 01/15/2015
- Resistance on 01/05/2015
- Support on 12/23/2014
- Support on 12/22/2014
- Support on 08/08/2013
- Support on 02/18/2013
- Support on 02/15/2013
- Support on 02/14/2013
- Support on 01/03/2013
- Resistance on 12/28/2011
- Resistance on 12/23/2011
- Resistance on 12/21/2011
- Support on 08/27/2009
- Support on 09/05/2002
- Support on 09/04/2002
- Support on 08/21/2002
- Support on 08/20/2002
- Resistance on 08/16/2002
- Support on 06/21/2002
- Support on 06/20/2002
- Support on 06/06/2002
- Resistance on 04/12/2002
- Support on 04/10/2002
- Support on 04/09/2002
- Support on 04/05/2002
- Support on 03/18/2002
- Support on 10/31/2001
- Resistance on 07/16/2001
- Support on 07/09/2001
- Support on 07/06/2001
- Support on 07/03/2001
- Support on 06/27/2001
- Support on 05/10/2000
- Resistance on 04/28/2000
- Resistance on 04/24/2000
- Resistance on 04/19/2000
3.350
- Resistance on 01/22/2019
- Resistance on 01/21/2019
- Support on 01/18/2019
- Support on 01/17/2019
- Support on 01/16/2019
- Support on 12/27/2018
- Support on 12/26/2018
- Resistance on 10/10/2018
- Resistance on 10/09/2018
- Resistance on 05/25/2017
- Resistance on 05/24/2017
- Support on 05/15/2017
- Resistance on 05/10/2017
- Resistance on 04/05/2017
- Resistance on 01/24/2017
- Resistance on 01/20/2017
- Support on 01/17/2017
- Resistance on 01/11/2017
- Resistance on 01/06/2017
- Resistance on 01/05/2017
- Resistance on 01/04/2017
- Support on 12/19/2016
- Support on 12/16/2016
- Resistance on 11/30/2016
- Resistance on 11/28/2016
- Resistance on 10/25/2016
- Resistance on 10/14/2016
- Resistance on 10/13/2016
- Resistance on 01/15/2015
- Support on 08/19/2013
- Support on 08/16/2013
- Resistance on 08/14/2013
- Resistance on 08/12/2013
- Support on 08/01/2013
- Resistance on 02/04/2013
- Resistance on 02/01/2013
- Resistance on 01/31/2013
- Support on 01/16/2013
- Support on 01/15/2013
- Resistance on 01/07/2013
- Resistance on 01/02/2013
- Support on 12/28/2012
- Support on 12/27/2012
- Resistance on 12/17/2012
- Support on 12/12/2012
- Support on 10/09/2012
- Support on 10/08/2012
- Support on 10/05/2012
- Support on 10/04/2012
- Support on 10/03/2012
- Support on 11/17/2011
- Support on 10/21/2010
- Resistance on 09/14/2009
- Resistance on 09/11/2009
- Resistance on 08/24/2009
- Support on 07/14/2009
- Support on 07/09/2009
- Support on 07/07/2009
- Support on 07/06/2009
- Support on 05/01/2009
- Support on 04/29/2009
- Support on 04/23/2009
3.700
- Resistance on 01/16/2019
- Resistance on 01/15/2019
4.050
- Support on 12/13/2018
- Support on 12/12/2018
- Support on 11/26/2018
- Support on 11/14/2018
- Support on 11/28/2014
- Resistance on 11/03/2014
- Resistance on 10/03/2014
- Resistance on 10/02/2014
4.900
- Resistance on 11/21/2018
- Resistance on 11/14/2018

Click on the level to view price action history.

Symbol	Released	Current	Forecast
Natural Gas (NGAS)	Sat, 13 Apr 2024
Natural Gas (NGAS)	Sat, 6 Apr 2024
Natural Gas (NGAS)	Wed, 3 Apr 2024
Natural Gas (NGAS)	Sat, 30 Mar 2024
Natural Gas (NGAS)	Sat, 23 Mar 2024

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Forex
AUDSGD
CHFSGD^free
EURSGD
GBPSGD^free
NZDSGD
SGDJPY
USDSGD
USDTRY^free

1,978	1,582	1,442	1,407
1,155	622	595	556
496	470	456	454
415	408	379	293
274	267	263	258
240	217	206	198
197	186	175	173
168	154	140	138
132	125	123	123
120	119	110	101