REDATOR Ben Graham Posted February 3 REDATOR Report Share Posted February 3 [Natural Gas] With technical conditions indicating weakness in #NG, then there is potential today to continue its weakening bias. Key Levels1. Resistance. 2 : 3.8572. Resistance. 1 : 3.5593. Pivot : 3.3574. Support. 1 : 3.0595. Support. 2 : 2.857Tactical ScenarioPressure Zone: If the price breaks down below 3.059, there is potential pressure toward 2.857.Momentum Extension Bias: If 2.857 is broken, there is potential for #NG to continue toward 2.559. Invalidation Level / Bias RevisionThe downside bias is restrained if the price breaks above 3.857. Technical SummaryEMA(50) : 3.548EMA(200): 4.352RSI(14) : 31.87Economic News Release Agenda:Tonight the United States will release the following economic data:US - JOLTS Job Openings - TentativeUS - RCM/TIPP Economic Optimism - TentativeUS - Wards Total Vehicle Sales - All DayUS - API Weekly Statistical Bulletin - 04:30 WIBThe material has been provided by InstaForex Company - www.instaforex.com Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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