FX.co ★ Technical Analysis of Intraday Price Movement of Natural Gas Commodity Asset, Thursday January 24 2024.

If we look at the 4-hour chart of the Natural Gas commodity asset, we will see a Bullish 123 pattern followed by a Bullish Ross Hook coupled with price movements moving above WMA 30 Shift 2, thus confirming that in the near future #NG has the potential to appreciate upwards until it reaches level 2,694 as the main target and if the momentum and volatility are supportive then level 2,960 will be the next target to be aimed at, only before going to these targets #NG will experience a correction first in order to gain momentum upwards where #NG will be corrected down to the level 2,453, which is important, as long as the weakening correction does not exceed below the 2,405 level, the strengthening scenario described previously still prevail.

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