CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Natural Gas

Market Opportunities - 12/03/2021

12 March, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

Natural Gas weekly downtrend opportunity based On 1.00 Lot Calculation:

  • US natural gas storage volumes declined less than the market expected for the second consecutive week. The U.S. Energy Information Administration on Thursday, March 11, reported a withdrawal of 52 Bcf from natural gas storage for the week ended March 5. Production increased by 6 Bcf/d according to the report, as South Central freeze-offs lifted and power outages returned after the February storm. Production’s rapid recovery has been the big surprise for the market.
  • Weather has proven generally mild during the current week and the outlook for the second half of March does not show much to support a bull case for coming weeks either. According to NatGasWeather for March 11 to March 17, most of the U.S. will be mild to warm.
  • The natural gas markets are going to continue to see a lot of pressure due to the fact that we are getting towards a warmer time of year, and as the northern hemisphere heads toward spring.

Natural Gas, March 12, 2021
Current Price: 2.65

NATURAL GAS

Weekly

Trend direction

DOWN

Resistance 3

3.04

Resistance 2

2.95

Resistance 1

2.86

Support 1

2.43

Support 2

2.34

Support 3

2.25

Example of calculation base on weekly trend direction for 1.00 Lot*

NATURAL GAS

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

-3,970.00

-2,990.00

-2,120.00

2,170.00

3,090.00

3,980.00

Profit or loss in €**

-3,331.35

-2,509.00

-1,778.96

1,820.91

2,592.91

3,339.74

Profit or loss in £**

-2,851.11

-2,147.31

-1,522.51

1,558.42

2,219.13

2,858.29

Profit or loss in C$**

-4,982.39

-3,752.48

-2,660.62

2,723.37

3,877.98

4,994.94

* 1.00 lot is equivalent of 10 000 units
** Calculations for exchange rate used as of 10:55 (GMT) 12/03/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more detail

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

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