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12.02.202508:59 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Natural Gas Commodity Instrument, Wednesday February 12, 2025.

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Exchange Rates 12.02.2025 analysis

There are two interesting things on the 4-hour chart of the Natural Gas commodity instrument, first the emergence of the Rising Wedge pattern and second the divergence between the #NG price movement and the Stochastic Oscillator indicator where both of these things confirm that in the near future #NG has the potential to be corrected to weaken downwards where the area level of 3.394-3.335 will be tested and broken, and closed below it. So that as long as there is no significant strengthening again where #NG manages to breaks and close above the level of 3.601 then #NG has the potential to continue its decline to 3.073 as its main target and if the momentum of weakening and volatility support then 2.916 will be the next target.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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