Natural Gas (NYMEX) (Z0) intraday: short term rebound

Trading Central 2020-11-20 13:43:04

Our pivot point is at 2.5700.

Our preference: short term rebound.

Alternative scenario: below 2.5700, expect 2.4900 and 2.4500.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Natural Gas (NYMEX) (Z0) is trading above its 20 period MA (2.6100) but under its 50 period MA (2.6300).

Supports and resistances:

2.8300 **

2.7900 *

2.7500 **

2.7100

2.6220 last

2.5900

2.5700 **

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.

6 Reasons To Open An Account

Multi-language 24/7 professional support

Fast, convenient fund and withdrawals

Free demo account $10,000

International recognition

Real-time quotes with push notification

Professional market analysis broadcast