Trade of the Week – 08-09-2024 – Natural Gas

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/2024/09/15Sep2024Ng.jpg

Date of issue – 08-09-2024

Commodity – Natural Gas

Entry Price– 2.322

Stop Loss – 2.349

Take Profit 1 – 2.295 | Reward to Risk Ratio – 1:1

Take Profit 2 – 2.241 | Reward to Risk Ratio – 3:1

Result at a Glance

Outcome – Hit Both Targets

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

Although NG was in an Uptrend, there was an opportunity for a small counter-trend trade with a 3:1 reward potential. As expected price touched 2.322 and reversed to give us both targets.

Summary and Learnings

It was a good trade and it not only offset the loss on the Silver trade, but also gave us a positive week on Commodities.

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