Natural Gas (NYMEX) may fall to 1.8910 - 1.9900

(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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