The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Natural Gas dropped further through 6.28 intraday on Thursday as bears remain in control. The commodity is trading around the day's low at 6.28 and is expected to pull back towards 8.50 in the near term before turning lower again. Bears will be poised to hold prices below 9.65 to keep the near-term structure intact.
Natural Gas has produced a religious uptrend between 1.53, the low of January 2020, and 9.65. Also, note that it has surpassed the Fibonacci 0.618 extension projected at 9.55 as seen here on the daily chart. Ideally, prices should now drop in a meaningful corrective wave towards 4.63, which is the Fibonacci 0.618 retracement of the entire rally.
Natural Gas has produced its lower degree downswing between 9.65 and 6.28. Prices should be supported around the Fibonacci 0.382 retracement as seen on the chart and pull back through 8.50 in the near term. Bears will be inclined to come back in control thereafter and drag the price lower towards 4.63.
Potential short-term rally to 8.50, then lower again through 4.63 against 9.65
Good luck!
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
