03.10.202407:13 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Natural Gas Commodity Asset, Thursday October 03, 2024.

Relevance up to 01:00 2024-10-04 UTC--4

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Although the Natural Gas commodity asset on its 4-hour chart appears to be moving harmoniously within the Bullish channel that is diving upwards, the appearance of the Bearish 123 pattern followed by the appearance of a deviation between price movements and the Stochastic Oscillator indicator confirms that in the near future #NG has the potential to weaken down to level 2,896 where this level will be tested to be breaks below if it is successfully broken below then 2,824 will be the next target to be targeted even if the momentum and volatility support #NG will weaken down to close the previous Gap Up where level 2,701 will be the next target but all of this will be invalid and canceled by itself if it turns out that #NG strengthens again to break and close above level 2,998.

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