Natural Gas (NYMEX) (G1) intraday: short term rebo

Natural Gas (NYMEX) (G1) intraday: short term rebound towards 2.9200

NGAS

Trading Central 2021-01-13 12:54:04

2.6700 is our pivot point.

Our preference: short term rebound towards 2.9200.

Alternative scenario: the downside breakout of 2.6700 would call for 2.5800 and 2.5300.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Natural Gas (NYMEX) (G1) is trading under both its 20 and 50 period moving average (respectively at 2.7500 and 2.8010).

Supports and resistances:

3.0300 **

2.9700 *

2.9200 **

2.8700

2.7480 last

2.7100

2.6700 **

Disclaimer

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