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 price increased 4.9%

Fast Moving Market - 23/11/2022

23 November, 2022

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 increased 4.9%. Natural Gas prices are rising this morning as the prospect of a rail strike in the United States on December 9th would curtail coal deliveries and force energy producers to use more natural gas.

Possible Scenarios:

if Natural Gas fails to breach through R1 of 7.867, our Research Department expects the Natural Gas to undergo a short- term downward correction.

If Natural Gas manages to break above its R1 of 7.867, our Research Department expects the Natural Gas to extend its gains to its R2 of 8.03.

Support and Resistance Levels:

Natural Gas

S3

S2

S1

Reference Price

R1

R2

R3

7.108

7.270

7.433

7.650

7.867

8.030

8.192

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*

USD

EUR**

GBP***

(+/-) $100

(+/-) €96.96

(+/-) £84.1

*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.03136
***GBP/USD = 1.18910
Calculations for exchange rate used as of 16:15 (GMT) 23/11/2022

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