CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

The Natural Gas price is dropping 2.77%

Fast Moving Market - 25/07/2024

25 July, 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: The Natural Gas price is dropping 2.77%, testing its lowest level in almost a week as investors continued watching if the US exports managed to stabilize.

Possible Scenarios:

If Natural Gas fails to break below Support 2 of 2.100, our Research Department expects Natural Gas to undergo a short- term upward correction.

If Natural Gas manages to break below Support 2 of 2.100, our Research Department expects Natural Gas to extend its losses to its Support 3 of 2.069.

Support and Resistance Levels:

NATURAL GAS

S3

S2

S1

Reference Price

R1

R2

R3

2.069

2.100

2.131

2.173

2.215

2.246

2.277

Potential Profit or Potential Loss Calculations:

1 cent per 1 trading lot*

USD

EUR**

GBP***

(+/-)100$

(+/-)92.26€

(+/-)77.62£

* 1 trading lot is equivalent of 10,000 units
** EUR/USD = 1.08381
***GBP/USD= 1.28820
Calculations for exchange rate used as of 10:30 (GMT+1) 25/07/2024

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NATURAL GAS Chart
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