Natural Gas (NYMEX) may rise to 4.4100 - 4.5800
BY Trading Central
|January 17, 2025(FEB5) intraday: as long as 3.9500 is support look for 4.4100
Our pivot point stands at 3.9500.
Our preference
As long as 3.9500 is support look for 4.4100.
Alternative scenario
Below 3.9500, expect 3.8500 and 3.7500.
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) (FEB5) is trading above both its 20 and 50 period moving average (respectively at 4.2200 and 4.1380).
Supports and resistances
4.6900 **
4.5800 *
4.4100 **
4.3400
4.2640 last
4.0600
3.9500 **
3.8500 *
3.7500 **
Number of asterisks represents the strength of support and resistance levels.
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