Natural Gas (NYMEX) (H1) intraday: the downside pr

Natural Gas (NYMEX) (H1) intraday: the downside prevails as long as 2.9300 is resistance

NGAS

Trading Central 2021-02-24 00:42:15

Our pivot point stands at 2.9300.

Our preference: the downside prevails as long as 2.9300 is resistance.

Alternative scenario: above 2.9300, look for 2.9900 and 3.0200.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Natural Gas (NYMEX) (H1) is trading under both its 20 and 50 period moving average (respectively at 2.9080 and 2.9250).

Supports and resistances:

3.0200 **

2.9900 *

2.9300 **

2.9100

2.8850 last

2.8000

2.7600 **

Disclaimer

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