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FX.co ★ Technical Analysis of Daily Price Movement of Natural Gas Commodity Asset, Tuesday July 30, 2024.

Technical Analysis of Daily Price Movement of Natural Gas Commodity Asset, Tuesday July 30, 2024.

Technical Analysis of Daily Price Movement of Natural Gas Commodity Asset, Tuesday July 30, 2024.

In the next few days, Natural Gas commodity assets have the potential to weaken based on what we see on its daily chart, where this is confirmed by the emergence of deviations between the price movement of #NG which makes a higher-high while the momentum indicator on the contrary forms a higher-low so that #NG has the potential to weaken down to the level of 1,627 and if volatility and momentum support then the level of 1,481 will be the next target unless on its way to these targets there is a sudden strengthening correction that penetrates above the level of 2,268, then all the weakening scenarios that have been described previously will be invalid and canceled by themselves.

(Disclaimer)

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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