NEWS: Natural Gas price is increasing 2.20% continuing to recover from its recent almost three month lows
Possible Scenarios:
If Natural Gas fails to breach through R2 of 3.428, our Research Department expects the Natural Gas to undergo a short- term downward correction.
If Natural Gas manages to break above its R2 of 3.428, our Research Department expects the Natural Gas to extend its gains to its R3 of 3.478.
Support and Resistance Levels:
Natural Gas |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
3.146 |
3.196 |
3.246 |
3.312 |
3.378 |
3.428 |
3.478 |
Potential Profit or Potential Loss Calculations:
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
(+/-) $100 |
(+/-) €87.85 |
(+/-) £74.69 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.13831
***GBP/USD = 1.33890
Calculations for exchange rate used as of Tuesday, April 29, 2025, 12:25 GMT+1