Natural Gas (NYMEX) may rise to 2.3500 - 2.4400

(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.

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