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08.12.202207:04 Forex Analysis & Reviews: Technical Analysis of Intraday Movement of Natural Gas Commodity Assets. Thursday December 08 2022.

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 08.12.2022 analysis

With the emergence of the Bullish 123 pattern and the deviation between the #NG price movement and the CCI indicator on the 4-hour chart, it is confirmed that in the near future this commodity asset will appreciate to the level of 6,369 but if it suddenly occurs on its way to this level a significant downward correction to a break below the 5,401 level means that it is very likely that the bull scenario described earlier will become invalid.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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