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Analysis

Natural Gas (NYMEX) may rise to 3.6600 - 3.8100

BY Trading Central

|नवंबर 22, 2024

(JAN5) intraday: the upside prevails as long as 3.2900 is support

 (JAN5) intraday: the upside prevails as long as 3.2900 is support

3.2900 is our pivot point.

Our preference

The upside prevails as long as 3.2900 is support.

Alternative scenario

Below 3.2900, expect 3.2000 and 3.1100.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Natural Gas (NYMEX) (JAN5) is above its 20 and 50 period moving average (respectively at 3.5210 and 3.5040).

Supports and resistances

3.8900 **

3.8100 *

3.6600 **

3.6100

3.5470 last

3.3700

3.2900 **

3.2000 *

3.1100 **

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

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