February 18, 2025
NEWS: Natural Gas price is increasing 3.1% as current temperatures in the USA remained below usual for this period of the year.
Possible Scenarios:
If Natural Gas fails to breach through R2 of 3.692, our Research Department expects the Natural Gas to undergo a short- term downward correction.
If Natural Gas manages to break above its R2 of 3.692, our Research Department expects the Natural Gas to extend its gains to its R3 of 3.737. of 3.737.
Support and Resistance Levels:
|
Natural Gas |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
3.439 |
3.484 |
3.528 |
3.588 |
3.648 |
3.692 |
3.737 |
Potential Profit or Potential Loss Calculations:
|
10 cents per 1 trading lot* |
USD |
EUR** |
GBP*** |
|
(+/-) $100 |
(+/-) €95.69 |
(+/-) £79.39 |
*1 trading lot is equivalent of 10000 units
**EUR/USD= 1.04506
***GBP/USD= 1.25959
Calculations for exchange rate used as of Tuesday, February 18, 2025, 13:40 GMT
Fortrade Canada Ltd. as an order-execution only dealer is not permitted to provide you with any advice or recommendations. These Market Commentaries should not be construed as a recommendation, advice or any attempt by Fortrade Canada Ltd. to prompt or influence you in making an investment decision to purchase, sell, hold or exchange any security or to influence the timing of such activity. This content is produced by Fortrade Limited which is not registered in any capacity with any securities regulatory authority in Canada.