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Natural Gas (NYMEX) may rise to 3.6600 - 3.8100
BY Trading Central
|November 22, 2024(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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