Natural Gas (NYMEX) may fall to 1.8910 - 1.9900
BY Trading Central
|Oktober 23, 2024(NOV4) ST: the downside prevails as long as 2.4330 is resistance
Our pivot point is at 2.4330.
Our preference
The downside prevails as long as 2.4330 is resistance.
Alternative scenario
The upside breakout of 2.4330, would call for 2.6020 and 2.7020.
Comment
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. The price stands below its 20 and 50 day moving average (respectively at 2.6250 and 2.6240).
Supports and resistances
2.7020 **
2.6020 *
2.4330 **
2.3670
2.2910 last
2.0900
1.9900 **
1.8910 *
1.7910 **
Number of asterisks represents the strength of support and resistance levels.
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