logo
Analysis

Natural Gas (NYMEX) may rise to 2.3500 - 2.4400

BY Trading Central

|iulie 23, 2024

(SEP4) intraday: as long as 2.1100 is support look for 2.3500

 (SEP4) intraday: as long as 2.1100 is support look for 2.3500

Our pivot point stands at 2.1100.

Our preference

As long as 2.1100 is support look for 2.3500.

Alternative scenario

Below 2.1100, expect 2.0500 and 2.0000.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Natural Gas (NYMEX) (SEP4) is below its 20 period moving average (2.2760) but above its 50 period moving average (2.2400).

Supports and resistances

2.5000 **

2.4400 *

2.3500 **

2.3100

2.2750 last

2.1600

2.1100 **

2.0500 *

2.0000 **

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

© 2024 Trading Central. All Rights Reserved. The information contained herein: (1) is proprietary to Trading Central and/or its content providers; (2) may not be copied or distributed; (3) is not warranted to be accurate, complete or timely; and, (4) does not constitute advice or a recommendation by TIO Markets Ltd, Trading Central or its content providers in respect of the investment in financial instruments. Neither TIO Markets Ltd nor Trading Central nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Pricing, historical chart data and fundamental company data are provided by Morningstar Research Inc.

Technical Event® is a registered trademark of Trading Central.

Trading Central products and services are protected under U.S. Patent Nos.: 6,801,201; 7,469,226; 7,469,238; 7,835,966; and 7,853,506; and corresponding foreign patents.


Join us on social media

image-8c62214c8e5bec6ef8697de32b3ff7c208099266-900x900-jpg
Trading Central
24/7 Live Chat

undefined