25.11.202409:03 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Natural Gas Commodity Asset, Monday November 25, 2024.

Relevance up to 22:00 2024-11-25 UTC--5

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.

From what we can see on the 4-hour chart, the Natural Gas commodity asset appears to be moving above the MA (100) which has a steep slope and is supported by confirmation of the apperance of hidden deviations between the #NG price movement and the Stochastic Oscillator indicator, indicating that in the near future the 3.560 level will be tested and after this level is tested, #NG has the potential to be corrected to weaken down to the 3.169 level and as long as the downward correction does not broken and close below the 2.960 level, #NG still has the potential to strengthen up to the 3.701 and 4.047 levels as the next targets if momentum and volatility support.

(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.