NATURAL GAS weekly uptrend opportunity based On 1.00 Lot Calculation:
- NATURAL GAS PRICE ACTION: The US Natural Gas prices have risen recently to the highest since 2014 (5.644). The prices have risen around 100% in 2021, and about 40% since late August.
- Energy Crisis in Europe and the UK. There are reports of an emerging energy crisis in China, too.: Europe is facing an extreme squeeze for energy supplies, with gas and power prices breaking records day after day. The continent is running out of time to refill storage facilities before the start of the winter as flows from top suppliers Russia and Norway remain limited. In the UK (due to truck driver shortages), at least half of the gas stations outside the motorway network have run out of fuel, the Financial Times reported. BP Plc, the second-largest fuel retailer in the U.K., said it ran out of fuel at a third of its stations and other retailers shut pumps after days of panic buying and television images showed lines of frustrated drivers waiting for the chance to fill up.
- US NATURAL GAS SUPPLY FELL AND INVENTORIES DECLINED: Natural gas in storage was last estimated 16.5% less than a year ago. Now is the time of year when drillers fill storage tanks and caverns to get through winter, when demand is greatest and households are most exposed to higher prices in their heating bills. The number of rigs drilling for gas has been basically flat since spring despite much higher prices.
- ONGOING: HURRICANE IDA (GULF OF MEXICO) AFTERMATH: Late last month Hurricane Ida forced nearly all of the Gulf of Mexico’s gas output offline. More than a third of the Gulf’s gas production remained shut as of September 17.
Natural Gas, September 27, 2021
Current Price: 5.340
|
Natural Gas |
Weekly |
|
Trend direction |
|
|
6.370 |
|
|
6.065 |
|
|
5.800 |
|
|
4.900 |
|
|
4.660 |
|
|
4.450 |
Example of calculation base on weekly trend direction for 1.00 Lot*
|
Natural Gas |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
10,300.00 |
7,250.00 |
4,600.00 |
-4,400.00 |
-6,800.00 |
-8,900.00 |
|
Profit or loss in €** |
8,803.42 |
6,196.58 |
3,931.62 |
-3,760.68 |
-5,811.97 |
-7,606.84 |
|
Profit or loss in £** |
7,518.25 |
5,291.97 |
3,357.66 |
-3,211.68 |
-4,963.50 |
-6,496.35 |
|
Profit or loss in C$** |
13,027.03 |
9,169.51 |
5,817.90 |
-5,564.94 |
-8,600.37 |
-11,256.36 |
* 1.00 lot is equivalent of 10000 units
** Calculations for exchange rate used as of 10:40 (GMT+1) 27/09/2021
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 details