Natural Gas looks for direction

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The price for natural gas declined more sharply than expected, as the price broke the previous channel down pattern. The decline eventually stopped and the commodity began to trade sideways.

In general, note three facts. The channel down pattern's lower trend line was revealed to be lower. The rate finds support in a support zone at 3.5170/3.5800. Meanwhile, resistance is being provided by 4.1600/4.2320.

Most recently, the price for gas reached the 4.1600/4.2320 resistance zone. A passing of the zone might immediately be stopped by the combined resistance of the upper trend line of the channel down pattern and the 50-day simple moving average near 4.3000.

On the other hand, a bounce off from the resistance zone might result in the price once again reaching and looking for support in the 3.5170/3.5800 zone, before the price tests the 3.5000 mark.
Back to articles

Actual Topics

Tue, 11 Jan 2022 16:45:18 GMT

EUR/USD recovers from 1.1285

On Monday, the EUR/USD found support in the 1.1285/1.1287 zone. The zone has been acting as support since early January 6 trading hours. By the middle of Tuesday's trading hours, the rate had recovered and encountered resistance at the 1.1350 level. At the start of US trading hours at 14:30 GMT, the pair had retreated to the 1.1320 level. The 1.1320

Mon, 10 Jan 2022 16:11:17 GMT

Gold shortly trades above 1,800.00

At mid-day on Monday, the price for gold broke the resistance of the 1,800.00 mark and shortly traded above this level. However, the surge was stopped and reversed by the 100-hour simple moving average at 1,802.65. Economic Calendar Analysis The top data set of the week will be released on Wednesday at 13:30 GMT. At that time, the US Consumer Price Index

Mon, 10 Jan 2022 15:39:14 GMT

USD/JPY reveals junior pattern

A recovery of the USD/JPY pair from the 115.20 level on Monday revealed the lower border of a channel down pattern. The pattern has been guiding the rate since January 4. During the second half of Monday's trading, the rate was located between the 115.20 mark and the zone that surrounds the 115.50 level. Economic Calendar The top data set of the

To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.