NEWS: Natural Gas price is falling 2.7%. Natural Gas price is falling as risk sentiment toward the commodity deteriorates.
Possible Scenarios:
If Natural Gas fails to breach through S1 of 1.821, our Research Department expects the Natural Gas to undergo a short- term upward correction.
If Natural Gas manages to break below its S1 of 1.821, our Research Department expects the Natural Gas to extend its losses to its S2 of 1.793.
Support and Resistance Levels:
Natural Gas |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.765 |
1.793 |
1.821 |
1.858 |
1.895 |
1.923 |
1.951 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €92.23 |
(+/-) £78.81 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.08426
***GBP/USD = 1.26915
Calculations for exchange rate used as of Wednesday, March 20, 2024, GMT 13:35h