Natural Gas Intraday: short term rebound towards 3.2300
Natural Gas (NATGAS)
+0.040+1.33%
short term rebound towards 3.2300.
2.9000 is our pivot point.
Our preference: short term rebound towards 3.2300.
Alternative scenario: below 2.9000, expect 2.7800 and 2.7100.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Natural Gas (NYMEX) (JUL6) is trading above its 20 period moving average (3.0060) but under its 50 period moving average (3.0380).
Supports and resistances:
3.3000 *
3.2300 **
3.1600
3.0080 last
2.9000 **
2.7800 *
2.7100 **
Our preference: short term rebound towards 3.2300.
Alternative scenario: below 2.9000, expect 2.7800 and 2.7100.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Natural Gas (NYMEX) (JUL6) is trading above its 20 period moving average (3.0060) but under its 50 period moving average (3.0380).
Supports and resistances:
3.3000 *
3.2300 **
3.1600
3.0080 last
2.9000 **
2.7800 *
2.7100 **
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