CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Natural Gas is dropping 3.17%

Fast Moving Market - 24/04/2024

24 April, 2024

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

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

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