Techincal Analysis of Daily Price Movement Of Natural Gas Commodity Asset, Wednesday May 24, 2023.
May 24, 2023 7:24 am
On the daily chart, natural gas commodity assets appear to be moving in a ranging condition, but after successfully breaking above 2,551, #NG is now being pulled down to be corrected downwards to go to the Bullish Orderblock level 2,261 as the main target and level 2,196 as the second target, but if on its way Towards these targets, #NG suddenly rises again, especially if it passes the 2,568 level, the downward scenario described earlier will automatically cancel itself.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
On the daily chart, natural gas commodity assets appear to be moving in a ranging condition, but after successfully breaking above 2,551, #NG is now being pulled down to be corrected downwards to go to the Bullish Orderblock level 2,261 as the main target and level 2,196 as the second target, but if on its way Towards these targets, #NG suddenly rises again, especially if it passes the 2,568 level, the downward scenario described earlier will automatically cancel itself.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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