CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.

Natural Gas

Market Opportunities - 30/09/2021

30 September, 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 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 (6.310). The prices have risen more than 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. Italian Prime Minister Mario Draghi said that high prices will stay in place for a while.
  • 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. Fresh weekly natural gas inventory data will be released on Thursday (September 30) at 15:30 GMT+1.
  • 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 late September.

Natural Gas, September 30, 2021
Current Price: 5.550

Natural Gas

Weekly

Trend direction

UP

Resistance 3

7.000

Resistance 2

6.370

Resistance 1

6.060

Support 1

5.050

Support 2

4.800

Support 3

4.500

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 $

14,500.00

8,200.00

5,100.00

-5,000.00

-7,500.00

-10,500.00

Profit or loss in €**

12,500.00

7,068.97

4,396.55

-4,310.34

-6,465.52

-9,051.72

Profit or loss in £**

10,768.66

6,089.86

3,787.60

-3,713.33

-5,570.00

-7,797.99

Profit or loss in C$**

18,448.06

10,432.70

6,488.63

-6,361.40

-9,542.10

-13,358.94

* 1.00 lot is equivalent of 10000 units
** Calculations for exchange rate used as of 11:00 (GMT+1) 30/09/2021
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

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  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.
  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.