Trade of the Week – 01-12-2024 – Natural Gas (Futures – Jan)
Weekly Highlights and Performance Overview
Welcome to our “Trade of the Week” page! Here, we spotlight the standout trading signal that delivered exceptional results for our members. This page serves as an educational resource, showcasing the performance of selected trading signals and offering deep insights into the strategies that led to their success.
Featured Trade Signal
https://signalsoracle.com/wp-content/uploads/2024/12/NG08Dec2024.jpg
Date of issue – 01-12-2024
Commodity – Natural Gas (Futures – Jan)
Entry Price– 3.012
Stop Loss – 2.961
Take Profit 1 – 3.063 | Reward to Risk Ratio – 1:1
Take Profit 2 – 3.165 | Reward to Risk Ratio – 3:1
Result at a Glance
Outcome – Hit Target 1 – Breakeven
Note: This trade was shared with our members last week as part of our weekly signals service. For more details, view the original signal here.
Strategic Insights
- Target 1: Set a 1:1 reward-to-risk ratio to ensure a breakeven point.
- Target 2: Set at a 3:1 reward-to-risk ratio, allowing for a maximum profit before the end of the week.
Market Conditions and Analysis
As anticipated, NG fell into an area of support and bounced. Almost got to the final target of 3:1. The trade is still open and we expect to achieve target 2 during the upcoming week.
Interested in more trades like this? Sign up for our premium membership for real-time access to our trading signals and in-depth analysis.