Natural Gas price increased 4.1%

Fast Moving Market - 10/09/2024

10 September, 2024

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NEWS: Natural gas prices increased by 4.1% following reports that Henry Hub futures indicate U.S. natural gas prices could average $3.20 per million British thermal units (MMBtu) next year.

Possible Scenarios:

If Natural Gas fails to breach through R2 of 2.256, our Research Department expects the Natural Gas to undergo a short- term downward correction.

If Natural Gas manages to break above its R2 of 2.256, our Research Department expects the Natural Gas to extend its gains to its R3 of 2.294.

Support and Resistance Levels:

Natural Gas	S3	S2	S1	Reference Price	R1	R2	R3
Natural Gas	2.042	2.080	2.118	2.168	2.218	2.256	2.294

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*	USD	EUR**	GBP***
10 cents per 1 trading lot*	(+/-) $100	(+/-) €90.65	(+/-) £76.38

*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.10316
***GBP/USD = 1.30918
Calculations for exchange rate used as of Tuesday, September 10, 2024, 14:09

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