NATURAL GAS weekly uptrend opportunity based On 1.00 Lot Calculation:
- EVENT: USA IMPOSED NEW SANCTIONS ON NORD STREAM 2. According to CNN, the US imposed new sanctions related to the contested Nord Stream 2 pipeline. The State Department reported to Congress that it has designated a vessel and a "Russian-linked entity" called Transadria Ltd. that is linked to the controversial pipeline that was built to ferry natural gas from Russia to Germany and has raised concerns about Moscow's ability to use energy supplies as leverage over Europe. For the record, Nord Stream 2 was supposed to start operating by end of the year or early next year to increase natural gas supply from Russia to Germany.
- EVENT: GERMANY SUSPENDS E.U. CERTIFICATION OF NORD STREAM 2 PIPLINE FROM RUSSIA TO GERMANY TO INCREASE NATURAL GAS MARKET UNCERTAINTIES AHEAD OF THE WINTER. Natural gas prices rose on Tuesday after Germany confirmed that it has suspended the process of certifying a controversial new Russian gas pipeline called Nord Stream 2. The German energy market regulator said in a statement that it could not certify Nord Stream 2 as an independent operator because the company was based in Switzerland, not Germany.
- ONGOING: China braces for Gas Shortages (China turned to spot markets to make up for gas shortages, facing record high Gas price). 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.
- WEATHER IN EUROPE TO BE COLD STARTING, AND EUROPE STILL HAVE NO ENOUGH GAS: Temperatures are set to drop starting this week, with parts of Italy forecast to experience weather as much as 2 degrees Celsius below normal. Southern France, Spain and Germany are also forecast to be colder-than-usual, according to The Weather Company. Centrica Plc, the U.K.’s top energy supplier, warned its 9 million customers to prepare for an icy blast that could last as long as six weeks. WEATHER FORECAST (US) (EXPECTED COLDER THAN NORMAL IN LATE NOVEMBER AND EARLY DECEMBER THAT COULD LAST 10-15 DAYS): still colder than usual temperatures are expected in the US later in November, through December and January, which could increase demand for Natural Gas.
Natural Gas, November 29, 2021
Current Price: 5.060
|
Natural Gas |
Weekly |
|
Trend direction |
|
|
5.840 |
|
|
5.580 |
|
|
5.420 |
|
|
4.720 |
|
|
4.560 |
|
|
4.400 |
Example of calculation base on weekly trend direction for 1.00 Lot*
|
Natural Gas |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
7,800.00 |
5,200.00 |
3,600.00 |
-3,400.00 |
-5,000.00 |
-6,600.00 |
|
Profit or loss in €** |
6,922.07 |
4,614.72 |
3,194.80 |
-3,017.31 |
-4,437.23 |
-5,857.14 |
|
Profit or loss in £** |
5,851.64 |
3,901.09 |
2,700.76 |
-2,550.71 |
-3,751.05 |
-4,951.39 |
|
Profit or loss in C$** |
9,942.50 |
6,628.34 |
4,588.85 |
-4,333.91 |
-6,373.40 |
-8,412.89 |
* 1.00 lot is equivalent of 10000 units
** Calculations for exchange rate used as of 09:00 (GMT) 29/11/2021
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