NATURAL GAS weekly uptrend opportunity based On 1.00 Lot Calculation:
- BELARUS-EU MIGRANT SPAT: The president of the Republic of Belarus Alexander Lukashenko said that if the EU imposes further sanctions to Belarus over the migrant crisis on the border between Poland and Belarus than he could order Natural Gas pipelines through Belarus supplying the EU to be shut down. This is increasing tensions as one of the most important Natural Gas pipelines, YAMAL, from Russia to Europe crosses through Belarus. The tensions could further support the natural gas prices.
- ONGOING: Energy Crisis in Europe. There are reports of an emerging energy crisis in China, too, due to lack of coal and natural gas to produce electricity power. India is also expected to face electricity power outages as their coal inventories run low 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.
- NEAR AND MID TERM WEATHER EXPECTATIONS IN THE US: NEW YORK POST reported that the La Nina pattern could bring a cold snap with snowfalls to the US already in November. The colder than usual weather in the US could increase the natural gas demand, and therefore its prices could be expected to receive a boost.
Natural Gas, November 11, 2021
Current Price: 4.9430
|
Natural Gas |
Weekly |
|
Trend direction |
|
|
5.8400 |
|
|
5.5800 |
|
|
5.3300 |
|
|
4.5600 |
|
|
4.4000 |
|
|
4.2000 |
Example of calculation base on weekly trend direction for 1.00 Lot*
|
Natural Gas |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
8,970.00 |
6,370.00 |
3,870.00 |
-3,830.00 |
-5,430.00 |
-7,430.00 |
|
Profit or loss in €** |
7,813.59 |
5,548.78 |
3,371.08 |
-3,336.24 |
-4,729.97 |
-6,472.13 |
|
Profit or loss in £** |
6,682.06 |
4,745.23 |
2,882.90 |
-2,853.10 |
-4,044.99 |
-5,534.86 |
|
Profit or loss in C$** |
11,218.24 |
7,966.58 |
4,839.98 |
-4,789.95 |
-6,790.98 |
-9,292.26 |
* 1.00 lot is equivalent of 10000 units
** Calculations for exchange rate used as of 12:47 (GMT) 11/11/2021
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