US Natural Gas (XNGUSD)
A bearish divergence appeared on daily time frame seems the prices may drop in the coming days with the following reasons:
Global Economic Slowdown: A slowdown in global economic activity, particularly in major gas-consuming regions like China, could reduce demand for natural gas and weigh on prices.
Alternative Energy Sources: An increase in the use of alternative energy sources like solar or wind power could reduce reliance on natural gas and put downward pressure on prices.
Lets monitor.
Global Economic Slowdown: A slowdown in global economic activity, particularly in major gas-consuming regions like China, could reduce demand for natural gas and weigh on prices.
Alternative Energy Sources: An increase in the use of alternative energy sources like solar or wind power could reduce reliance on natural gas and put downward pressure on prices.
Lets monitor.
Trade active
Trade is moving as we are expecting, move SL to BE for a safe trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.