Natural Gas Intraday: the downside prevails as long as 2.2800 is resistance
May 8, 2024 16:08
Natural Gas (NATGAS)
0.072+2.63%
the downside prevails as long as 2.2800 is resistance.
Our pivot point stands at 2.2800.
Our preference: the downside prevails as long as 2.2800 is resistance.
Alternative scenario: above 2.2800, look for 2.3700 and 2.4300.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Natural Gas (NYMEX) (JUN4) stands below its 20 and 50 period moving average (respectively at 2.2270 and 2.2170).
Supports and resistances:
2.4300 **
2.3700 *
2.2800 **
2.2500
2.2120 last
2.1000
2.0400 **
1.9900 *
1.9400 **
Our preference: the downside prevails as long as 2.2800 is resistance.
Alternative scenario: above 2.2800, look for 2.3700 and 2.4300.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Natural Gas (NYMEX) (JUN4) stands below its 20 and 50 period moving average (respectively at 2.2270 and 2.2170).
Supports and resistances:
2.4300 **
2.3700 *
2.2800 **
2.2500
2.2120 last
2.1000
2.0400 **
1.9900 *
1.9400 **
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