Natural Gas (NYMEX) (H21) ST: as long as 2.6400 is

Natural Gas (NYMEX) (H21) ST: as long as 2.6400 is support look for 3.3900

NGAS

Trading Central 2021-02-24 10:13:13

2.6400 is our pivot point.

Our preference: as long as 2.6400 is support look for 3.3900.

Alternative scenario: the downside breakout of 2.6400 would call for 2.3600 and 2.1900.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace in the short term. The price is below its 20 day moving average (2.8940) but above its 50 day moving average (2.7310).

Supports and resistances:

3.7300 **

3.5600 *

3.3900 **

3.2200

2.8670 last

2.7500

2.6400 **

Disclaimer

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