Natural Gas Intraday: the downside prevails as long as 3.8400 is resistance
Natural Gas (NATGAS)
+0.086+2.36%
the downside prevails as long as 3.8400 is resistance.
Our pivot point stands at 3.8400.
Our preference: the downside prevails as long as 3.8400 is resistance.
Alternative scenario: the upside breakout of 3.8400, would call for 3.9900 and 4.0800.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Natural Gas (NYMEX) (JUL5) is trading under both its 20 and 50 period moving average (respectively at 3.7340 and 3.7350).
Supports and resistances:
4.0800 **
3.9900 *
3.8400 **
3.7800
3.7220 last
3.5400
3.4500 **
3.3600 *
3.2700 **
Our preference: the downside prevails as long as 3.8400 is resistance.
Alternative scenario: the upside breakout of 3.8400, would call for 3.9900 and 4.0800.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Natural Gas (NYMEX) (JUL5) is trading under both its 20 and 50 period moving average (respectively at 3.7340 and 3.7350).
Supports and resistances:
4.0800 **
3.9900 *
3.8400 **
3.7800
3.7220 last
3.5400
3.4500 **
3.3600 *
3.2700 **
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