Natural Gas (NYMEX) may fall to 2.4100 - 2.4700

2.7500 is our pivot point.

Our preference

The downside prevails as long as 2.7500 is resistance.

Alternative scenario

The upside breakout of 2.7500, would call for 2.8600 and 2.9300.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Natural Gas (NYMEX) (JUL4) stands below its 20 and 50 period moving average (respectively at 2.6930 and 2.7060).

Supports and resistances

2.9300 **

2.8600 *

2.7500 **

2.7100

2.6690 last

2.5400

2.4700 **

2.4100 *

2.3400 **

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