Natural Gas Intraday: under pressure.

Natural Gas (NATGAS)
-0.027-0.72%
short positions below 3.8600 with targets at 3.7300 & 3.6500 in extension.
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Pivot: 3.8600

Our preference: short positions below 3.8600 with targets at 3.7300 & 3.6500 in extension.

Alternative scenario: above 3.8600 look for further upside with 3.9300 & 4.0000 as targets.

Comment: as long as the resistance at 3.8600 is not surpassed, the risk of the break below 3.7300 remains high.

Supports and resistances:
4.0000
3.9300
3.8600
3.7700 Last
3.7300
3.6500
3.5700

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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