Natural Gas (NYMEX) (Z0) intraday: as long as 2.5900 is support look for 2.7800

Trading Central 2020-11-21 00:48:06

2.5900 is our pivot point.

Our preference: as long as 2.5900 is support look for 2.7800.

Alternative scenario: below 2.5900, expect 2.5100 and 2.4700.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. Prices could retrace in the short term. Natural Gas (NYMEX) (Z0) is below its 20 period MA (2.6400) but above its 50 period MA (2.6200).

Supports and resistances:

2.8600 **

2.8200 *

2.7800 **

2.7400

2.6430 last

2.6100

2.5900 **

Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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