Natural gas price is falling 3.4%
October 8, 2026
NEWS: Natural gas price is falling 3.4% as U.S. natural gas inventories showed a larger-than-expected increase last week.
Possible Scenarios:
If Natural Gas fails to breach through S1 of 3.129, our Analysis Department expects Natural Gas to undergo a short- term upward correction.
If Natural Gas manages to break below its S1 of 3.129, our Analysis Department expects Natural Gas to extend its losses to its S2 of 3.097.
Support and Resistance Levels:
|
Natural Gas |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
3.065 |
3.097 |
3.129 |
3.171 |
3.213 |
3.245 |
3.277 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €89.13 |
(+/-) £75.54 |
*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.12192
***GBP/USD = 1.32379
Calculations for exchange rate used as of Thursday, October 8, 2026, 15:43 GMT+1