NATURAL GAS weekly uptrend opportunity based On 1.00 Lot Calculation:
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NATURAL GAS GLOBAL MARKETS:
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LARGEST NATURAL GAS SUPPLIER IN THE WORLD (LNG + PIPELINE): 1. RUSSIA (173.81 million tons); 2. USA; 3. QATAR; 4. NORWAY; 5. AUSTRALIA;
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LARGEST NATURAL GAS IMPORTER IN THE WORLD: CHINA (121.99 million tons)
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CHINA’S LARGEST NATURAL GAS SUPPLIER: 1. AUSTRALIA (~26%); 2. TURKMENISTAN (~20%); 3. RUSSIA (~10%).
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E.U. IMPORTS 45% OF NEEDED NATURAL GAS FROM RUSSIA (OF TOTAL 251.44 million tons): 113 million tons (average daily consumption: 32.85 million tons).
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RUSSIA EXPORTS TO THE E.U. ACCOUNTS FOR 65% OF TOTAL EXPORTS: 113 million tons of 173.81 goes to the E.U.
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US HURRICANE SEASON (June 1 to November 30):
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ABOVE AVERAGE HURRICANE ACTIVITY EXPECTED IN 2022: The US National Oceanic and Atmospheric Administration forecast (with a 70% confidence) a likely range of 14 to 21 named storms of which 6 to 10 can become hurricanes. The risk is that they can turn into major hurricanes of category 3, 4 or 5.
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HURRICANES USUALLY ATTACK THE GULF OF MEXICO (which includes offshore Texas, Louisiana, Mississippi, and Alabama): The Gulf continues to be the nation's primary offshore source of oil and gas, generating about 97% of all U.S. offshore oil and gas production. There used to be around 1,900 oil and gas platforms. Offshore activity accounts for 15 % of total oil and around 3 % of total natural gas U.S. production.
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NORD STREAM 1: Annual maintenance works from July 11 to July 21 with no operations in this period.
The Nord Stream 1 pipeline transports 55 billion cubic meters (bcm) of gas a year from Russia to Germany. Europe fears Russia may extend the scheduled maintenance to restrict European gas supply further and harden plans to fill storages for winter. -
RISE IN DEMAND FOR NATURAL GAS IN THE U.S. DUE TO THE HIGH TEMPERATURES as plants use natural gas to cool temperatures. Electricity demand is expected to rise to all- time highs creating an energy crisis.
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PRICE ACTION: The Natural Gas prices rose to a record high of $15.780 in 2005. Meanwhile, Natural Gas has fallen around 44.5% from $9.658 to $5.360 last week, which is the lowest rate since March 30, 2022. Since then Natural gas has recovered some of previous losses and currently trades around 6.43. If a full recovery to 2005 highs happens, this could provide an increase of around 145%.
NATURAL GAS, July 12, 2022
Current Price: 6.43
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NATURAL GAS |
Weekly |
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Trend direction |
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9.66 |
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|
8.30 |
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|
7.70 |
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|
5.45 |
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|
5.30 |
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|
5.20 |
Example of calculation based on weekly trend direction for 1 Lot1
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Pivot Points |
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Profit or loss in $² |
32,300.00 |
18,700.00 |
12,700.00 |
-9,800.00 |
-11,300.00 |
-12,300.00 |
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Profit or loss in €² |
32,224.59 |
18,656.34 |
12,670.35 |
-9,777.12 |
-11,273.62 |
-12,271.29 |
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Profit or loss in £² |
27,218.34 |
15,757.98 |
10,701.95 |
-8,258.19 |
-9,522.20 |
-10,364.88 |
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Profit or loss in C$ |
42,074.30 |
24,358.81 |
16,543.15 |
-12,765.58 |
-14,719.49 |
-16,022.10 |
1. 1 lot is equivalent of 10,000 units
2. Calculations for exchange rate used as of 9:45 (GMT+1) 12/7/2022
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
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You may wish to consider closing your position in profit, even if it is lower than suggested one
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Trailing stop technique can protect the profit – Ask your Client Manager for more details