NEWS: Natural Gas price is falling 3.5% on news that EQT will be selling off some of its assets in Pennsylvania.
Possible Scenarios:
If Natural Gas fails to breach through S2 of 1.694, our Research Department expects the Natural Gas to undergo a short- term upward correction.
If Natural Gas manages to break below its S2 of 1.694, our Research Department expects the Natural Gas to extend its losses to its S3 of 1.665.
Support and Resistance Levels:
Natural Gas |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.665 |
1.694 |
1.723 |
1.761 |
1.799 |
1.828 |
1.857 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €94.03 |
(+/-) £80.3 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.06351
***GBP/USD = 1.24539
Calculations for exchange rate used as of Monday, April 15, 2024, 13:32 GMT+1