empty
 
 
14.03.2023 09:46 AM
Technical Analysis of Daily Price Movement of Natural Gas Commodity Asset, Tuesday March 14 2023.

This image is no longer relevant

If we look on the daily chart of Natural Gas commodity asset there is a few interesting things:

1. There is a deviation between price movement with Awesome Oscillator indicator.

2. The apperance of Reversal pattern: Inverted head & Shoulder.

3. The closing price movement and move above its EMA 10.

Based on those three facts above then we can conclude that in the nearest future #NG has the potential to appreciated upward up to the level 3,026 - 3,312 as the main target and level 3,680 - 4,085 as the second target as long as there is no downward correction on its way to the level target which exceeded the level 1,967 because if this level successfully broken downward then all the Bull scenario described before will cancel itself.

(Disclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback