Natural Gas (NYMEX) may fall to 2.0700 - 2.1200

Our pivot point is at 2.3700.

Our preference

The downside prevails as long as 2.3700 is resistance.

Alternative scenario

Above 2.3700, look for 2.4600 and 2.5200.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Natural Gas (NYMEX) (NOV4) stands below its 20 and 50 period moving average (respectively at 2.3040 and 2.3230).

Supports and resistances

2.5200 **

2.4600 *

2.3700 **

2.3300

2.2930 last

2.1800

2.1200 **

2.0700 *

2.0100 **

Number of asterisks represents the strength of support and resistance levels.