For Traders

Analytical Reviews

Technical analysis

06.02.202307:37 Forex Analysis & Reviews: Technical Analysis of Monthly Price Movements of Natural Gas Commodity Assets, Monday February 06 2023.

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.

With the emergence of deviations between price movements of natural gas commodity assets and the Stochastic Oscillator indicator and price movements below the 10-month period, it is clearly confirmed that in the next few months the direction of flow of these commodity assets is bearish where natural gas is now trying to reach the level of the demand area. in the range of 2,002 - 1,216 levels but if on the way to that level area suddenly #NG reverses back up past the 5,458 level then it is very likely that the downward scenario to the Demand area level will become invalid and cancel itself.

(Disclaimer)

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.