empty
03.04.2024 06:34 AM
Technical Analysis of Intraday Price Movement of Natural Gas Commodity Asset, Wednesday April 03, 2024.

This image is no longer relevant

With the appearance of the deviation of Crude Oil commodity asset price movement with Awesome Oscillator indicator as well as Descending Broadening Wedge pattern along with #NG price movement which is above WMA 30 Shift 2 which appears to has the upward slope on the 4 hour chart, then in the near future #NG has the potential to strengthen untul the level 2,008 as the main target and if the momentum as well as the volatility is supporting then the level of 2,208 will be the next target to be aimed, but if on the way to the level described above, suddenly there is a significant weakness correction especially if broken below the level 1,529, then the strengthening scenario that has been described before will become invalid and cancel itself.

(Disclaimer)

Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Indicator Analysis. Daily Overview for June 27, 2025 – GBP/USD Currency Pair

On Thursday, the pair moved upward, reaching the 161.8% level at 1.3792 (red dashed line), then retreated and closed the daily candle at 1.3723. A pullback may occur today. Strong

Stefan Doll 11:42 2025-06-27 UTC+2

Indicator Analysis. Daily Overview for June 27, 2025 – EUR/USD Currency Pair

On Thursday, the pair moved upward and tested the 161.8% target level at 1.1744 (red dashed line), then pulled back and closed the daily candle at 1.1699. Today, the upward

Stefan Doll 11:39 2025-06-27 UTC+2

Forecast for EUR/USD on June 27, 2025

On Thursday, the EUR/USD pair continued its upward movement and reached the 127.2% Fibonacci retracement level at 1.1712. A rebound from this level would favor the U.S. dollar

Samir Klishi 11:22 2025-06-27 UTC+2

Forecast for GBP/USD on June 27, 2025

On the hourly chart, the GBP/USD pair continued rising on Thursday and repeatedly tested the 200.0% Fibonacci level at 1.3749. A rebound from this level would favor the U.S. dollar

Samir Klishi 10:53 2025-06-27 UTC+2

USD/JPY. Analysis, Forecast and Current Market Situation

Today, following the release of data showing a decline in consumer prices in Tokyo, the Japanese yen began to weaken. This news reinforced expectations that the Bank of Japan

Irina Yanina 10:43 2025-06-27 UTC+2

Forex forecast 27/06/2025: EUR/USD, USD/JPY, Gold, Oil and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:12 2025-06-27 UTC+2

EUR/USD Forecast for June 27, 2025

EUR/USD Yesterday, concerning data was released from the U.S. GDP for Q1 contracted by 0.5% compared to the expected -0.2%. Core personal consumption expenditures (PCE) inflation for the same period

Laurie Bailey 05:13 2025-06-27 UTC+2

GBP/USD Forecast for June 27, 2025

GBP/USD The British pound is rising, but the accompanying Marlin oscillator is quite weak. Before the bulls are not just the desired targets — 1.3834, 1.3935, etc. — but also

Laurie Bailey 05:07 2025-06-27 UTC+2

USD/JPY Forecast for June 27, 2025

USD/JPY This morning, Tokyo's core CPI data showed a decline in inflation for the June estimate: the core index dropped from 3.6% year-over-year (y/y) to 3.1% y/y (with a forecast

Laurie Bailey 05:04 2025-06-27 UTC+2

Trading Signals for EUR/USD for June 26-28, 2025: sell below 1.1730 (overbought - 8/8 Murray)

If the euro price consolidates below 1.1735, the outlook could be negative for the coming days. We could sell with targets at the 7/8 Murray at 1.1596

Dimitrios Zappas 18:42 2025-06-26 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.