Natural Gas (NYMEX) (G21) ST: the upside prevails

Natural Gas (NYMEX) (G21) ST: the upside prevails as long as 2.5000 is support

NGAS

Trading Central 2021-01-13 10:15:06

Our pivot point stands at 2.5000.

Our preference: the upside prevails as long as 2.5000 is support.

Alternative scenario: below 2.5000, expect 2.2200 and 2.0500.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. The price is trading above both its 20 and 50 day moving average (respectively at 2.6360 and 2.7190).

Supports and resistances:

3.6000 **

3.4300 *

3.2600 **

3.0900

2.7480 last

2.6100

2.5000 **

Disclaimer

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