Natural Gas Intraday: as long as 3.3800 is support look for 3.7500
Natural Gas (NATGAS)
+0.091+2.64%
as long as 3.3800 is support look for 3.7500.
Our pivot point is at 3.3800.
Our preference: as long as 3.3800 is support look for 3.7500.
Alternative scenario: the downside breakout of 3.3800 would call for 3.2400 and 3.1500.
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) (AUG5) is trading under its 20 period moving average (3.4950) but above its 50 period moving average (3.4540).
Supports and resistances:
3.9200 **
3.8400 *
3.7500 **
3.6700
3.4920 last
3.4300
3.3800 **
3.2400 *
3.1500 **
Our preference: as long as 3.3800 is support look for 3.7500.
Alternative scenario: the downside breakout of 3.3800 would call for 3.2400 and 3.1500.
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) (AUG5) is trading under its 20 period moving average (3.4950) but above its 50 period moving average (3.4540).
Supports and resistances:
3.9200 **
3.8400 *
3.7500 **
3.6700
3.4920 last
3.4300
3.3800 **
3.2400 *
3.1500 **
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