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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Natural Gas technical chart
Symbol NGAS

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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.

DateSat, 06/29/2019 - 19:44
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

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:

  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, 7 Dec 2019
Natural Gas (NGAS) Sat, 30 Nov 2019
Natural Gas (NGAS) Sat, 23 Nov 2019
Natural Gas (NGAS) Sat, 16 Nov 2019
Natural Gas (NGAS) free Sat, 2 Nov 2019