Indicator Signal
RSI Buy
MACD Buy
Bollinger Bands Buy
Fractals Buy
MA(200) Neutral
Parabolic SAR Buy
Chart Analysis
On the daily timeframe, the NATGAS: D1 breached up the line of the downtrend. Now it is correcting up from its 4-year low. A number of technical analysis indicators formed buy signals. The bullish momentum may develop in case NATGAS rises above its last high at 1.91. This level may serve as an entry point. The initial stop loss may be placed below the last fractal low, the 4-year low and the Parabolic signal at 1.75. After opening the pending order, we shall move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we are changing the potential profit/loss to the breakeven point. More risk-averse traders may switch to the 4-hour chart after the trade and place there a stop-loss moving it in the direction of the trade. If the price meets the stop level (1.75) without reaching the order (1.91), we recommend closing the position: the market sustains internal changes that were not taken into account.
Fundamental Analysis
Qatar postponed the implementation of the project to increase the capacity of its LNG terminals. Will the NATGAS rise?