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April 23, 2024
Risk Disclaimer: The example below is for illustrative purposes only and is based on price movements derived from Contracts for Difference (CFDs). The calculations reflect hypothetical outcomes using historical or specified price data for the relevant instrument on the stated date and are not indicative of future performance. Any reliance placed on this material is strictly at the user’s own risk.
Natural Gas weekly special report based On 1 Lot Calculation:
FUNDAMENTAL FACTORS:
PRICE ACTION:
Since 2000 the price fell near or below $2 six times and within a month recovered on average 43.93%.

Source: MT4

Source: MT4
Please note that past performance does not guarantee future results.
NATURAL GAS SEASONAL PRICE INCREASE (March -October)
The period between March and October marks an increased natural gas buying as countries across the world are refilling their storages for the next season, being accompanied by higher demand during summer months due to air conditioning. Last summer, for example, the US consumed the largest amount of electricity in their history.
|
Source: MT4 |
|
NATURAL GAS, April 23, 2024
Current Price:2.05
|
NATURAL GAS |
Weekly |
|
Trend direction |
|
|
4.000 |
|
|
3.000 |
|
|
2.500 |
|
|
1.700 |
|
|
1.600 |
|
|
1.500 |
Example of calculation based on weekly trend direction for 1 Lot1
|
Pivot Points |
||||||
|
Profit or loss in $ |
19,500.00 |
9,500.00 |
4,500.00 |
-3,500.00 |
-4,500.00 |
-5,500.00 |
|
Profit or loss in €² |
18,254.41 |
8,893.17 |
4,212.56 |
-3,276.43 |
-4,212.56 |
-5,148.68 |
|
Profit or loss in £² |
15,771.34 |
7,683.47 |
3,639.54 |
-2,830.75 |
-3,639.54 |
-4,448.33 |
|
Profit or loss in C$² |
26,704.47 |
13,009.87 |
6,162.57 |
-4,793.11 |
-6,162.57 |
-7,532.03 |
1. 1 lot is equivalent of 10,000 units
2. Calculations for exchange rate used as of 09:20 (GMT+1) 23/04/2024
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account ManagerClient 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 Senior Account ManagerClient Manager for more details