FX.co ★ Technical Analysis of Intraday Price Movement of Natural Gas Commodity Asset, Wednesday June 19, 2024.

On the 4-hour chart, the Natural Gas commodity asset shows that its price movement has successfully broken above the EMA 50 & EMA 200, which means that Buyers seem to be starting to dominate this commodity asset, coupled with confirmation of the appearance of deviations between price movements and the Awesome Oscillator indicator, which further strengthens that #NG has the potential to strengthen up to level 2,996 as the main target and 3,089 as the next target that will be aimed at if the momentum and volatility support it. During the journey towards these targets there will be no correction of weakness down to below the 2,797 level because if this level is successfully penetrated below, the strengthening scenario that has been described previously will occur. will become invalid and automatically cancel itself.

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