empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

20.03.202406:54 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Natural Gas Commodity Asset, Wednesday, March 20, 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 20.03.2024 analysis

If we look on the daily chart of Natural Gas commodity asset, then there is seem the hidden deviation between #NG price movement with Stochastic Oscillator indicator, so that based on this fact of #NG, as long as there is no returning to the initial bias which is Bearish, in a few days ahead #NG will have the potential to corrected to its strengthening especially if it is successfully broken above the level 1,756 and if this level is successfully broken upward, then the next level yo be aimed is 2,012 as the main target and level 2,263 as the next target if the momentum and volatility is supporting unless if there is the strengthening correction suddenly #NG reverse to weak until it broken below the level 1,517, then all the strengthening correction scenario that has been described before will cancel itself.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

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.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off