NEWS: Natural Gas price is dropping 3.17% after first hitting its highest price in almost three months.
Possible Scenarios:
If Natural Gas fails to break below Support 1 of 2.063, our Research Department expects Natural Gas to undergo a short- term upward correction.
If Natural Gas manages to break below Support 1 of 2.063, our Research Department expects Natural Gas to extend its loss to its Support 2 of 2.036.
Support and Resistance Levels:
Natural Gas |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
2.010 |
2.036 |
2.063 |
2.098 |
2.133 |
2.160 |
2.186 |
Potential Profit or Potential Loss Calculations:
1 cent per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-)100$ |
(+/-)93.61€ |
(+/-)80.42£ |
* 1 trading lot is equivalent of 10000 units
** EUR/USD = 1.06822
***GBP/USD= 1.24346
Calculations for exchange rate used as of 13:50 (GMT+1) 24/04/2024