Natural Gas (NYMEX) may rise to 2.1900 - 2.2800

Our pivot point stands at 1.9700.

Our preference

Short term rebound towards 2.1900.

Alternative scenario

Below 1.9700, expect 1.9100 and 1.8600.

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) (SEP4) is trading above its 20 period moving average (2.1180) but under its 50 period moving average (2.1610).

Supports and resistances

2.3300 **

2.2800 *

2.1900 **

2.1600

2.1210 last

2.0200

1.9700 **

1.9100 *

1.8600 **

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