Natural Gas Intraday: as long as 2.7100 is support look for 3
Natural Gas (NATGAS)
-0.025-0.85%
as long as 2.7100 is support look for 3.
2.7100 is our pivot point.
Our preference: as long as 2.7100 is support look for 3.
Alternative scenario: below 2.7100, expect 2.5900 and 2.5300.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Natural Gas (NYMEX) (MAR6) is below its 20 period moving average (2.8030) but above its 50 period moving average (2.7460).
Supports and resistances:
3.1400 **
3.0700 *
3.0000 **
2.9300
2.7980 last
2.7500
2.7100 **
2.5900 *
2.5300 **
Our preference: as long as 2.7100 is support look for 3.
Alternative scenario: below 2.7100, expect 2.5900 and 2.5300.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Natural Gas (NYMEX) (MAR6) is below its 20 period moving average (2.8030) but above its 50 period moving average (2.7460).
Supports and resistances:
3.1400 **
3.0700 *
3.0000 **
2.9300
2.7980 last
2.7500
2.7100 **
2.5900 *
2.5300 **
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