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Natgas

A possible long trade in Natural GasNatural gas has been rallying over the last week and it has broken above some key pivot levels, in this video I discuss the key level and what the potential entry point can be for the commodity when it corrects further and the potential upside target. Coupled with the fact that this commodity is also below the long term mean prices mean that the long trade has a higher probability of being right. The trade has a potential 20% upside based on the charts and perhaps it will be easier if we as traders look at holding the mini lots. Of course every trader will make a different decision based on the capital in the account.
MCX:NATURALGAS1!Long
by anshuman_05
1
💡NGAS (NAT.GAS) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support 5.194, resumption of uptrend is expected. We make sure when the resistance at 8.176 breaks. If the support at 5.194 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI support #1 at 43 is not broken, the probability of price decrease would be too low. A trough is formed in daily chart at 6.485 on 04/25/2022, so more gains to resistance(s) 7.458 and maximum to Major Resistance (8.176) 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. Supports and Resistances: 8.827 8.176 7.458 6.520 5.835 5.194 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
CAPITALCOM:NATURALGASLong
by ForecastCity_ME
4
💡NGAS (NAT.GAS) - Weekly Technical Analysis UpdateMidterm forecast: 4.160 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 4.160 is broken. Technical analysis: A trough is formed in daily chart at 3.730 on 08/19/2021, so more gains to resistance(s) 5.000 and more heights 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 75. Take Profits: TP1= @ 2.600 TP2= @ 2.750 TP3= @ 2.900 TP4= @ 3.000 TP5= @ 3.150 TP6= @ 3.650 TP7= @ 4.160 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
CAPITALCOM:NATURALGASLong
by ForecastCity_ME
6
💡NGAS (NAT.GAS) - Weekly Technical Analysis UpdateMidterm forecast: 3.400 is major support; while this level is not broken, the Midterm wave will be uptrend. We will close our open trades if the Midterm level 3.400 is broken. Technical analysis: While the RSI support #1 at 47 is not broken, the probability of price decrease would be too low. A trough is formed in the daily chart at 3.730 on 08/19/2021, so more gains to resistance(s) 4.650, 4.900, 5.000, and more heights are expected. Price is above WEMA21; if a price drops more, this line can act as dynamic support against more losses. The relative strength index ( RSI ) is 71. Take Profits: TP1= @ 2.600 TP2= @ 2.750 TP3= @ 2.900 TP4= @ 3000 TP5= @ 3.150 TP6= @ 3.400 TP7= @ 3.650 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
CAPITALCOM:NATURALGASLong
by ForecastCity_ME
4
💡 NATGAS . Weekly Technical Analysis UpdateMidterm 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 2.378 on 12/08/2020, so more gains to resistance(s) 2.700 and maximum to Major Resistance (3.000) 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 42. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
N
by ForecastCity_ME
4
Don't miss the great buy opportunity in NGASMidterm forecast: While the price is above the support 1.400, beginning of uptrend is expected. We make sure when the resistance at 2.250 breaks. If the support at 1.400 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI bounced from the support #1 at 30 and it prevented price from more losses. While the RSI downtrend #2 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 1.640 on 07/20/2020, so more gains to resistance(s) 1.900, 2.000, 2.100 and maximum to Major Resistance (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 58. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.650 - 1.550). if so, traders can set orders based on Price Action and expect to reach short-term targets. Take Profits: TP1= 1.900 TP2= 2.000 TP3= 2.100 TP4= 2.250 TP5= 2.500 TP6= 2.700 TP7= 2.950 TP8= 3.650 TP9= Free
NLong
by ForecastCity_ME
12
NATGAS Update and New Trading SuggestionMidterm forecast: 2.200 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 2.200 is broken. Technical analysis: The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased. While the RSI uptrend #2 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 1.640 on 07/20/2020, so more gains to resistance(s) 2.500, 2.700, 2.950 and more heights 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 74. Trade Setup: We opened 10 BUY trade(s) @ 1.94 based on 'previous Forecast' at 2020.07.29 : Total Profit: 313 point Closed trade(s): 109 point Profit Open trade(s): 204 point Profit Closed Profit: TP2 @ 2.00 touched at 2020.08.03 with 6 point Profit. TP3 @ 2.10 touched at 2020.08.03 with 16 point Profit. TP4 @ 2.25 touched at 2020.08.04 with 31 point Profit. TP5 @ 2.50 touched at 2020.08.17 with 56 point Profit. 6 + 16 + 31 + 56 = 109 point Open Profit: Profit for one trade is 2.45(current price) - 1.94 (open price) = 51 point 4 trade(s) still open, therefore total profit for open trade(s) is 51 x 4 = 204 point New Trading suggestion: . There is still a possibility of temporary retracement to suggested support line (2.330) again. if so, traders can set orders based on Price Action and expect to reach short-term targets. Take Profits: TP5= 2.500 TP6= 2.700 TP7= 2.950 TP8= 3.350 TP9= 3.700 TP10= Free ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
NLong
by ForecastCity_ME
11
There is a trading opportunity to buy in NATGASMidterm forecast: . While the price is above the support 1.550, beginning of uptrend is expected. . We make sure when the resistance at 2.250 breaks. . If the support at 1.550 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: . While the RSI downtrend #1 is not broken, bearish wave in price would continue. . A peak is formed in daily chart at 2.024 on 05/20/2020, so more losses to support(s) 1.800, 1.700 and minimum to Major Support (1.550) 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 47. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.800 to 1.700). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.800) Ending of entry zone (1.700) Take Profits: TP1= 1.900 TP2= 2.000 TP3= 2.100 TP4= 2.250 TP5= 2.500 TP6= 2.700 TP7= 2.950 TP8= 3.350 TP9= 3.700 TP10= Free ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
NLong
by ForecastCity_EU
5