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FX.co ★ Technical Analysis of Daily Price Movement of Natural Gas Commodity Asset, Thursday July 13, 2023.

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Forex Analysis:::2023-07-13T10:18:11

Technical Analysis of Daily Price Movement of Natural Gas Commodity Asset, Thursday July 13, 2023.

Technical Analysis of Daily Price Movement of Natural Gas Commodity Asset, Thursday July 13, 2023.

With the appearance and presence of the Bearish 123 pattern followed by the Ascending Broadening Wedge Pattern and the deviation between price movements and the Stochastic Oscillator indicator on the daily chart, it is confirmed that in the next few days natural gas commodity assets have the potential to continue their decline as long as there is no upward corrective movement that exceeds level 2,826 then Natural Gas will continue its decline to level 2,536 if this level is successfully penetrated then level 2,455 will be the main target to aim for and the level area 2,357-2,246 will be the second target if the momentum and volatility are sufficient to support the decline of the Natural Gas commodity assets.

(Disclaimer)

Analyst InstaForex
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