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Weekly forecast Natural Gas technical chart
Symbol NGAS

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Trade Setup
#NAT.GAS
Total Profit: 457 point
Closed trade(s): 235 point Profit
Open trade(s): 222 point Profit

Trade Setup:
We opened 9 BUY trade(s) @ 1.85 (day close price) based on 'Valley' at 2020.07.06.

Closed Profit:
TP1 @ 1.90 touched at 2020.07.07 with 5 point Profit.
TP2 @ 2.00 touched at 2020.08.03 with 15 point Profit.
TP3 @ 2.10 touched at 2020.08.03 with 25 point Profit.
TP4 @ 2.25 touched at 2020.08.04 with 40 point Profit.
TP5 @ 2.50 touched at 2020.08.17 with 65 point Profit.
TP6 @ 2.70 touched at 2020.08.27 with 85 point Profit.
5 + 15 + 25 + 40 + 65 + 85 = 235 point

Open Profit:
Profit for one trade is 2.59(current price) - 1.85(open price) = 74 point
3 trade(s) still open, therefore total profit for open trade(s) is 74 x 3 = 222 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 2.250 is broken, we will close open trades.

DateSeptember 19, 2020 - 17:11
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 2.250 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 2.250 is broken.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of continuation of uptrend is decreased.
  • A peak is formed in daily chart at 2.810 on 09/03/2020, so more losses to support(s) 2.500, 2.350 and minimum to Major Support (2.250) 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 54.

Take Profits:

  1. 1.900
  2. 2.000
  3. 2.100
  4. 2.250
  5. 2.500
  6. 2.700
  7. 2.950
  8. 3.650
Click on the level to view price action history.

Symbol Released Current Forecast
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