Natural Gas Intraday: short term rebound towards 3.5300
Natural Gas (NATGAS)
-0.004-0.12%
short term rebound towards 3.5300.
Our pivot point is at 3.1800.
Our preference: short term rebound towards 3.5300.
Alternative scenario: the downside breakout of 3.1800 would call for 3.0500 and 2.9700.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Natural Gas (NYMEX) (SEP5) is trading above its 20 period moving average (3.2880) but under its 50 period moving average (3.3020).
Supports and resistances:
3.6900 **
3.6100 *
3.5300 **
3.4500
3.2900 last
3.2400
3.1800 **
3.0500 *
2.9700 **
Our preference: short term rebound towards 3.5300.
Alternative scenario: the downside breakout of 3.1800 would call for 3.0500 and 2.9700.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Natural Gas (NYMEX) (SEP5) is trading above its 20 period moving average (3.2880) but under its 50 period moving average (3.3020).
Supports and resistances:
3.6900 **
3.6100 *
3.5300 **
3.4500
3.2900 last
3.2400
3.1800 **
3.0500 *
2.9700 **
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