Natural Gas Intraday: as long as 4 is support look for 4.4400
Natural Gas (NATGAS)
-0.259-6.27%
as long as 4 is support look for 4.4400.
Our pivot point stands at 4.0000.
Our preference: as long as 4 is support look for 4.4400.
Alternative scenario: below 4.0000, expect 3.8300 and 3.7300.
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) (MAY5) is trading under its 20 period moving average (4.1310) but above its 50 period moving average (4.0760).
Supports and resistances:
4.6400 **
4.5400 *
4.4400 **
4.3400
4.1310 last
4.0600
4.0000 **
3.8300 *
3.7300 **
Our preference: as long as 4 is support look for 4.4400.
Alternative scenario: below 4.0000, expect 3.8300 and 3.7300.
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) (MAY5) is trading under its 20 period moving average (4.1310) but above its 50 period moving average (4.0760).
Supports and resistances:
4.6400 **
4.5400 *
4.4400 **
4.3400
4.1310 last
4.0600
4.0000 **
3.8300 *
3.7300 **
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