NEWS: Natural Gas price is falling 3.3% on warmer weather forecasts for the rest of the week.
Possible Scenarios:
If Natural Gas fails to breach through S2 of 1.709, our Research Department expects the Natural Gas to undergo a short- term upward correction.
If Natural Gas manages to break below its S2 of 1.709, our Research Department expects the Natural Gas to extend its losses to its S3 of 1.690
Support and Resistance Levels:
Natural Gas |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.690 |
1.709 |
1.727 |
1.752 |
1.777 |
1.795 |
1.814 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
---|---|---|---|---|---|
(+/-) $100 |
(+/-) €92.45 |
(+/-) £79.29 |
*1 trading lot is equivalent of 10000 units
**EUR/USD= 1.08165
***GBP/USD= 1.26119
Calculations for exchange rate used as of Wednesday, March 27, 2024, 13:13 GMT