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Weekly forecast Natural Gas technical chart
Symbol NGAS

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Trade Setup

#NAT.GAS
Total Profit: 314 point
Closed trade(s): 155 point Profit
Open trade(s): 159 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.
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.
3 + 18 + 33 + 43 + 58 = 155 point

Open Profit:
Profit for one trade is 3.10(current price) - 2.57(open price) = 53 point
3 trade(s) still open, therefore total profit for open trade(s) is 53 x 3 = 159 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.

DateJune 5, 2021 - 13:57
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 3.200 breaks.
  • If the support at 2.250 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 2.900 on 05/24/2021, so more gains to resistance(s) 3.150 and maximum to Major Resistance (3.200) 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 61.

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, 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