empty
 
 
03.10.2024 07:13 AM
Technical Analysis of Intraday Price Movement of Natural Gas Commodity Asset, Thursday October 03, 2024.

This image is no longer relevant

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.

(Disclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback