Natural Gas Intraday: below its lower Bollinger band
Natural Gas (NATGAS)
+0.091+2.59%
the downside prevails as long as 2.4300 is resistance.
Our pivot point stands at 2.4300.
Our preference: the downside prevails as long as 2.4300 is resistance.
Alternative scenario: the upside breakout of 2.4300, would call for 2.5300 and 2.5800.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Natural Gas (NYMEX) (OCT4) stands below its 20 and 50 period moving average (respectively at 2.3750 and 2.3620). Finally, the Natural Gas (NYMEX) (OCT4) is trading below its lower Bollinger band (standing at 2.3400).
Supports and resistances:
2.5800 **
2.5300 *
2.4300 **
2.3900
2.3280 last
2.2100
2.1600 **
2.1000 *
2.0400 **
Our preference: the downside prevails as long as 2.4300 is resistance.
Alternative scenario: the upside breakout of 2.4300, would call for 2.5300 and 2.5800.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Natural Gas (NYMEX) (OCT4) stands below its 20 and 50 period moving average (respectively at 2.3750 and 2.3620). Finally, the Natural Gas (NYMEX) (OCT4) is trading below its lower Bollinger band (standing at 2.3400).
Supports and resistances:
2.5800 **
2.5300 *
2.4300 **
2.3900
2.3280 last
2.2100
2.1600 **
2.1000 *
2.0400 **
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