Natural Gas Intraday: eye 3.7000

Natural Gas (NATGAS)
+0.050+1.21%
eye 3.7000.
image
4.1300 is our pivot point.

Our preference: eye 3.7000.

Alternative scenario: the upside breakout of 4.1300, would call for 4.2900 and 4.3900.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Natural Gas (NYMEX) (MAY5) is trading under its 20 period moving average (4.0250) but above its 50 period moving average (3.9950).

Supports and resistances:
4.3900 **
4.2900 *
4.1300 **
4.0700
4.0000 last
3.8000
3.7000 **
3.6100 *
3.5100 **

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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