Natural Gas price is falling -3.8%

Fast Moving Market - 03/09/2024

03 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 price is falling 3.8% as investors fear lower demand from China as most recent manufacturing activity in China showed worse than expected figures for July.

Possible Scenarios:

If Natural Gas fails to breach through Reference Price of 2.110, our Research Department expects the Natural Gas to undergo a short- term upward correction.

If Natural Gas manages to break below its Reference Price of 2.110, our Research Department expects the Natural Gas to extend its losses to its S1 of 2.074.

Support and Resistance Levels:

Natural Gas	S3	S2	S1	Reference Price	R1	R2	R3
Natural Gas	2.020	2.047	2.074	2.110	2.146	2.173	2.200

Potential Profit or Potential Loss Calculations:

10 cents per 1 trading lot*	USD	EUR**	GBP***
10 cents per 1 trading lot*	(+/-) $100	(+/-) €90.59	(+/-) £76.17

*1 trading lot is equivalent of 10000 units
**EUR/USD = 1.10384
***GBP/USD = 1.31277
Calculations for exchange rate used as of Tuesday, September 3, 2024, 13:30 GMT+1

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