Natural Gas (NYMEX) (H1) intraday: short term rebound towards 3.0500

Trading Central 2021-02-23 12:40:05

Our pivot point is at 2.8900.

Our preference: short term rebound towards 3.0500.

Alternative scenario: the downside breakout of 2.8900 would call for 2.8400 and 2.8000.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Natural Gas (NYMEX) (H1) is trading above its 20 period moving average (2.9420) but under its 50 period moving average (2.9530).

Supports and resistances:

3.1200 **

3.0800 *

3.0500 **


2.9440 last


2.8900 **

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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