Technical Analysis of Daily Price Movement of Natural Gas Commodity Asset, Tuesday May 30, 2023.
May 30, 2023 8:22 am
2.
With the appearance of the Ascending Broadening Wedge pattern followed by deviations between price movements and the Stochastic Oscillator indicator on the daily chart of natural gas commodity assets, then, in the near future #NG has the potential to depreciate downwards to the level of 2,188 as the main target and 2,031 as the next target to be targeted. However, if on the way to the target levels, #NG is suddenly corrected and goes up past the 2,684 level. It is certain that all the downward scenarios described earlier will cancel by themselves.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
2.
With the appearance of the Ascending Broadening Wedge pattern followed by deviations between price movements and the Stochastic Oscillator indicator on the daily chart of natural gas commodity assets, then, in the near future #NG has the potential to depreciate downwards to the level of 2,188 as the main target and 2,031 as the next target to be targeted. However, if on the way to the target levels, #NG is suddenly corrected and goes up past the 2,684 level. It is certain that all the downward scenarios described earlier will cancel by themselves.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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