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Weekly forecast Natural Gas technical chart
Symbol NGAS
Trade Setup

#NAT.GAS
Total Profit: 1207 point
Closed trade(s): 906 point Profit
Open trade(s): 301 point Profit

Trade Setup:
We opened 10 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.
TP2 @ 2.75 touched at 2021.04.16 with 18 point Profit.
TP3 @ 2.90 touched at 2021.04.27 with 33 point Profit.
TP4 @ 3.00 touched at 2021.05.04 with 43 point Profit.
TP5 @ 3.15 touched at 2021.05.17 with 58 point Profit.
TP6 @ 3.65 touched at 2021.06.29 with 108 point Profit.
TP7 @ 4.16 touched at 2021.08.04 with 159 point Profit.
TP8 @ 4.76 touched at 2021.09.06 with 219 point Profit.
TP9 @ 5.22 touched at 2021.09.13 with 265 point Profit.
3 + 18 + 33 + 43 + 58 + 108 + 159 + 219 + 265 = 906 point

Open Profit:
Profit for one trade is 5.58(current price) - 2.57(open price) = 301 point
1 trade(s) still open, therefore total profit for open trade(s) is 301 x 1 = 301 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.
  • If the Midterm level 4.759 is broken, we will close open trades.

DateOctober 16, 2021 - 00:33
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 4.759, resumption of uptrend is expected.
  • We make sure when the resistance at 6.520 breaks.
  • If the support at 4.759 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 4.759 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A peak is formed in daily chart at 6.070 on 10/14/2021, so more losses to support(s) 5.483, 5.242, 5.220 and minimum to Major Support (4.759) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 53.

Take Profits:

  1. 2.600
  2. 2.750
  3. 2.900
  4. 3.000
  5. 3.150
  6. 3.650
  7. 4.160
  8. 4.759
  9. 5.220
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