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25.11.202409:03 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Natural Gas Commodity Asset, Monday November 25, 2024.

Relevance up to 22:00 2024-11-25 UTC--5

Exchange Rates 25.11.2024 analysis

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)

*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.

Arief Makmur,
Analytical expert of InstaSpot
© 2007-2024
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