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Weekly forecast Natural Gas technical chart
Symbol NGAS

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateJanuary 9, 2021 - 16:05
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

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

Technical analysis:

  • While the RSI resistance #1 at 52 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 2.260 on 12/28/2020, so more gains to resistance(s) 2.700 and maximum to Major Resistance (3.000) 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 51.

Supports and Resistances:

  1. 3.650
  2. 2.700
  3. 2.500
  4. 2.250
  5. 2.100
  6. 2.000
  7. 1.900
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