Natural Gas Intraday: short term rebound towards 3.0500

Natural Gas (NATGAS)
-0.008-0.28%
short term rebound towards 3.0500.
image
Our pivot point stands at 2.7400.

Our preference: short term rebound towards 3.0500.

Alternative scenario: the downside breakout of 2.7400 would call for 2.6300 and 2.5600.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Natural Gas (NYMEX) (MAY6) stands below its 20 and 50 period moving average (respectively at 2.8410 and 2.8700).

Supports and resistances:
3.1200 *
3.0500 **
2.9800
2.8390 last
2.7400 **
2.6300 *
2.5600 **

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.
goTop
quote