Trading Idea - Natural Gas, 06-10-2023 | IFCM India
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Trading Idea - Natural Gas, 06-10-2023

Trading Idea - Natural Gas, 06-10-2023

Trading Signal: #C-NATGAS

OrderSell
DirectionRange Bound
PatternTrading in upward channel
IntervalDaily
Length (Candles)3

Idea Summary


The long term NATGAS price forecast is bearish. The NATGAS price is testing the upper bound of upward channel. Most likely the price will reflect off the upper bound and start falling while there is small likelihood it may continue rising and breach above the upper bound.

Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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