Retrospective EIA expects an increase in shale gas production in the United States | &SumOIL/GAS 2021-10-20 | IFCM South Africa
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Retrospective of Technical Analysis &SumOIL/GAS From 2021-10-20

EIA expects an increase in shale gas production in the United States

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Buy stop0.644
Take profit0.954
Return on Investment +48.1%
Overview date 2021-10-20
Date of the closing positionfrom 2022-03-09 to 2022-03-10

The chart shows the real change of quotations after the publication of technical analysis on 2021-10-20. The pending order from this analysis was executed and the position was opened. Next, we shall move the stop to the next fractal low following the Bollinger Bands and Parabolic SAR signals at the 4-hour charts. Thus, we are changing the potential profit/loss to the breakeven point. The position shall be closed when the price meets the Bollinger bands, the Parabolic SAR, the trend line and the fractal indicator.

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