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Weekly forecast Natural Gas technical chart
Symbol NGAS

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Trade Setup

#NAT.GAS
Total Profit: -4 point
Closed trade(s): 3 point Profit
Open trade(s): -7 point Profit

Trade Setup:
We opened 8 BUY trade(s) @ 2.57 based on 'Valley' entry method at 2021.03.19.

Closed Profit:
TP1 @ 2.60 touched at 2021.03.22 with 3 point Profit.

Open Profit:
Profit for one trade is 2.56(current price) - 2.57(open price) = -1 point
7 trade(s) still open, therefore total profit for open trade(s) is -1 x 7 = -7 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.
DateApril 10, 2021 - 20:52
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 2.250, beginning of uptrend is expected.
  • We make sure when the resistance at 3.000 breaks.
  • If the support at 2.250 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 2.700 on 03/30/2021, so more losses to support(s) 2.500, 2.450 and minimum to Major Support (2.250) 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. 2.600
  2. 2.750
  3. 2.900
  4. 3.000
  5. 3.150
  6. 3.400
  7. 3.650
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
History
Daily-Trading-Opportunities on NGAS.