NEWS: Natural Gas in the US rose on Monday on colder than usual weather forecasts across the East Coast, which has already seen heavy snowfalls.
Possible Scenarios:
If Natural Gas fails to break above Resistance 1 of 4.180, our Research Department expects Natural Gas to undergo a short-term downward correction.
If Natural Gas manages to break above Resistance 1 of 4.180, our Research Department expects Natural Gas to extend its gains to its Resistance 2 of 4.240.
Support and Resistance Levels:
Natural Gas |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
3.920 |
3.980 |
4.030 |
4.110 |
4.180 |
4.240 |
4.290 |
Potential Profit or Potential Loss Calculations:
1 cent per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-)100$ |
(+/-)88.40€ |
(+/-)73.73£ |
* 1 trading lot is equivalent of 10000 units
** EUR/USD = 1.13123
*** GBP/USD = 1.35626
Calculations for exchange rate used as of 13:07 (GMT) 10/01/2022