Natural Gas (NYMEX) (H1) intraday: target 2.9700

NGAS

Trading Central 2021-02-20 01:52:05

Our pivot point stands at 3.1400.

Our preference: target 2.9700.

Alternative scenario: above 3.1400, look for 3.2000 and 3.2300.

Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Natural Gas (NYMEX) (H1) is trading under its 20 period moving average (3.0920) but above its 50 period moving average (3.0670).

Supports and resistances:

3.2300 **

3.2000 *

3.1400 **

3.1100

3.0850 last

3.0000

2.9700 **

Disclaimer

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