NEWS: Natural gas is falling 2.0% reaching its lowest level in more than a month, driven by the latest weather forecasts pointing to milder temperatures across the US. The expected cooldown suggests lower demand for natural gas.
Possible Scenarios:
If Natural Gas fails to breach through S1 of 3.354, our Research Department expects the Natural Gas to undergo a short- term upward correction.
If Natural Gas manages to break below its S1 of 3.354, our Research Department expects the Natural Gas to extend its losses to its S2 of 3.296
Support and Resistance Levels:
Natural Gas |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
3.239 |
3.296 |
3.354 |
3.430 |
3.506 |
3.564 |
3.621 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €84.88 |
(+/-) £72.65 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.17811
***GBP/USD = 1.37644
Calculations for exchange rate used as of Tuesday, July 1, 2025, 09:20 (GMT+1)