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If You Had Traded on This Analysis…
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XNGUSD
Short Entry 2.8310 2025-08-13 09:39 UTC
Target 2.7600 Fail 2.8600 In 2 Days
Risk/Reward 1 : 2
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Final PnL
-1.02%
P/L:
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XNGUSD
Fail
Stocks
Technical
1H
Analysis Predict Bear Market
Crude Oil is currently showing lower highs on the hourly charts with resistance near the 63.5-64 zone. As long as the 64.5 zone is not breached, Oil is not bullish. Wait for Oil to trade below 62 for confirmation of targets towards 60. The next targets are going to be all the way towards 60 if it breaks below 62.The analyst mentioned, After a gap down, it is trying to show recovery, if the price trade beyond 62.8 to 63.2 we can see a reversal. It is very important for Oil to trade above 64 or 64.5 in order to confirm a complete reversal. On the Downside, the selling entry can be taken at 62.4 where we can expect 62.2 to 62 and then to 60. For the Natural Gas, the analyst mentioned this not the actual target price: if you see Natural Gas trading above 2.865 you can consider it. At 2.96, 3.0 or 3.05 Natural Gas will meet major resistance. He then mentions that a target will be 2.78 and also if it stays below 2.78 to sell with 2.72, so that is a short position and very bearish to sell.
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