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 2008 (6.460). The prices have risen more than 100% in 2021, and about 60% since late August.
- ONGOING: Energy Crisis in Europe and the UK as Nat Gas continued to hit fresh all-time high. There are reports of an 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.
- CHINA TO INCREASE PURCHASES OF ENERGY PRODUCTS TO AVOID BIGGER ENERGY CRISIS: Bloomberg reports that China’s central government officials "ordered the country’s top state-owned energy companies to secure supplies for this winter at all costs." Therefore, the markets may expect China to be buying more natural gas going forward, which could have a positive impact on the natural gas prices.
- U.S. 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.
Natural Gas, October 5, 2021
Current Price: 6.250
|
Natural Gas |
Weekly |
|
Trend direction |
|
|
8.000 |
|
|
7.500 |
|
|
7.000 |
|
|
5.520 |
|
|
5.230 |
|
|
4.900 |
Example of calculation base on weekly trend direction for 1.00 Lot*
|
Natural Gas |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
17,500.00 |
12,500.00 |
7,500.00 |
-7,300.00 |
-10,200.00 |
-13,500.00 |
|
Profit or loss in €** |
15,134.09 |
10,810.06 |
6,486.04 |
-6,313.08 |
-8,821.01 |
-11,674.87 |
|
Profit or loss in £** |
12,903.32 |
9,216.66 |
5,529.99 |
-5,382.53 |
-7,520.79 |
-9,953.99 |
|
Profit or loss in C$** |
22,112.65 |
15,794.75 |
9,476.85 |
-9,224.13 |
-12,888.52 |
-17,058.33 |
* 1.00 lot is equivalent of 10000 units
** Calculations for exchange rate used as of 08:50 (GMT+1) 10/06/2021
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