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24.11.2022 07:20 AM
Technical Analysis of the Daily Price Movement of Natural Gas Commodity Assets Thursday, November 24, 2022.
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If we look carefully at the 4-hour chart, natural gas commodity assets seems moving in an upward rally condition in the Bullish Pitchfork channel and the CCI indicator which is in the range of 0 to 100 levels but there are deviations between price movements and the CCI indicator so there is a potential for downward correction to get upward momentum again where the level to be addressed is at the range is 6,968 - 6,708 as long as the downward correction doesn't fall below 6,255 then #NG still has the potential to appreciate again to 7,602.

(Disclaimer)

Arief Makmur,
Analytical expert of InstaTrade
© 2007-2025

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