14.03.202309:46 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Natural Gas Commodity Asset, Tuesday March 14 2023.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

If we look on the daily chart of Natural Gas commodity asset there is a few interesting things:

1. There is a deviation between price movement with Awesome Oscillator indicator.

2. The apperance of Reversal pattern: Inverted head & Shoulder.

3. The closing price movement and move above its EMA 10.

Based on those three facts above then we can conclude that in the nearest future #NG has the potential to appreciated upward up to the level 3,026 - 3,312 as the main target and level 3,680 - 4,085 as the second target as long as there is no downward correction on its way to the level target which exceeded the level 1,967 because if this level successfully broken downward then all the Bull scenario described before will cancel itself.

(Disclaimer)

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.