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20.03.202406:54 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Natural Gas Commodity Asset, Wednesday, March 20, 2024.

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Exchange Rates 20.03.2024 analysis

If we look on the daily chart of Natural Gas commodity asset, then there is seem the hidden deviation between #NG price movement with Stochastic Oscillator indicator, so that based on this fact of #NG, as long as there is no returning to the initial bias which is Bearish, in a few days ahead #NG will have the potential to corrected to its strengthening especially if it is successfully broken above the level 1,756 and if this level is successfully broken upward, then the next level yo be aimed is 2,012 as the main target and level 2,263 as the next target if the momentum and volatility is supporting unless if there is the strengthening correction suddenly #NG reverse to weak until it broken below the level 1,517, then all the strengthening correction scenario that has been described before will cancel itself.

(Disclaimer)

Arief Makmur
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