NEWS: Natural Gas price is falling 3.8%. Natural Gas Prices are dropping again as the Natural Gas Export Terminal in Freeport, Texas is still closed, continuing to put downward pressure on demand.
Possible Scenarios:
If Natural Gas fails to breach through S2 of 5.995, our Research Department expects the Natural Gas to undergo a short- term upward correction.
If Natural Gas manages to break below its S2 of 5.995, our Research Department expects the Natural Gas to extend its losses to its S3 of 5.864
Support and Resistance Levels:
Natural Gas |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
5.864 |
5.995 |
6.126 |
6.300 |
6.474 |
6.605 |
6.736 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €96.23 |
(+/-) £82.65 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.03916
***GBP/USD = 1.20999
Calculations for exchange rate used as of 15:35 (GMT+1) 30/06/2022