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

Natural Gas (NYMEX) (H1) intraday: the downside prevails as long as 2.9000 is resistance

NGAS

Trading Central 2021-02-24 12:46:05

Our pivot point is at 2.9000.

Our preference: the downside prevails as long as 2.9000 is resistance.

Alternative scenario: the upside breakout of 2.9000, would call for 2.9600 and 2.9900.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Natural Gas (NYMEX) (H1) is trading under both its 20 and 50 period moving average (respectively at 2.8790 and 2.9030).

Supports and resistances:

2.9900 **

2.9600 *

2.9000 **

2.8800

2.8490 last

2.7800

2.7500 **

Disclaimer

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