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FX.co ★ Technical Analysis of Intraday Price Movement of Natural Gas Commodity Asset, Monday November 25, 2024.

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Forex Analysis:::2024-11-25T07:03:46

Technical Analysis of Intraday Price Movement of Natural Gas Commodity Asset, Monday November 25, 2024.

Technical Analysis of Intraday Price Movement of Natural Gas Commodity Asset, Monday November 25, 2024.

From what we can see on the 4-hour chart, the Natural Gas commodity asset appears to be moving above the MA (100) which has a steep slope and is supported by confirmation of the apperance of hidden deviations between the #NG price movement and the Stochastic Oscillator indicator, indicating that in the near future the 3.560 level will be tested and after this level is tested, #NG has the potential to be corrected to weaken down to the 3.169 level and as long as the downward correction does not broken and close below the 2.960 level, #NG still has the potential to strengthen up to the 3.701 and 4.047 levels as the next targets if momentum and volatility support.

(Disclaimer)

Analyst InstaForex
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