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24.03.2025 08:09 AM
From what is seen on the 4-hour chart, the Natural Gas commodity instrument appears to be moving within the Bearish Pitchfork channel and this has also been confirmed by its price movement which is moving below the WMA (30 Shift 2) which has a downward slope and the appearance of Divergence between price movements and the Stochastic Oscillator indicator so that based on these facts, in the near future #NG may retrace to strengthen to test the Bearish Fair Value Gap area level but as long as it does not break through and close above the 4.247 level, then #NG has the potential to weaken again to test 3.864 if it is successfully breaks and closes below that level, then #NG will continue its weakening to the 3.761 level and if the momentum of the weakening and its volatility support it, then 3.627 is the next target.
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