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23.04.202408:03 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Natural Gas Commodity Asset, Tuesday April 23, 2024.

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.

Exchange Rates 23.04.2024 analysis

From what we see on the 4-hour chart, the Natural Gas commodity asset shows a Bullish 123 pattern, the level of the Bullish Fair Value Gap area and the intersection of the Golden Cross between MA 20 and 50, which indicates that Buyers are quite dominant at the moment so as long as there is no significant correction makes #NG weaken until it falls below level 1,676, then #NG has the potential to appreciate upwards to level 1,833 as the main target and if the momentum and volatility are good enough then it is possible that level 1,924 will be the next target to be aimed at.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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