Technical Analysis of Intraday Price Movement of Natural Gas Commodity Asset, Tuesday April 23, 2024.
April 23, 2024 7:23 am
From what we see on the 4-hour chart, the Natural Gas commodity asset shows a Bullish 123 pattern, the level of the Bullish Fair Value Gap area and the intersection of the Golden Cross between MA 20 and 50, which indicates that Buyers are quite dominant at the moment so as long as there is no significant correction makes #NG weaken until it falls below level 1,676, then #NG has the potential to appreciate upwards to level 1,833 as the main target and if the momentum and volatility are good enough then it is possible that level 1,924 will be the next target to be aimed at.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
From what we see on the 4-hour chart, the Natural Gas commodity asset shows a Bullish 123 pattern, the level of the Bullish Fair Value Gap area and the intersection of the Golden Cross between MA 20 and 50, which indicates that Buyers are quite dominant at the moment so as long as there is no significant correction makes #NG weaken until it falls below level 1,676, then #NG has the potential to appreciate upwards to level 1,833 as the main target and if the momentum and volatility are good enough then it is possible that level 1,924 will be the next target to be aimed at.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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