REDATOR Ben Graham Posted yesterday at 05:13 REDATOR Report Share Posted yesterday at 05:13 [Natural Gas] With all technical conditions of Natural Gas which indicates weakness, #NG has the potential today to weaken down toward its nearest support level. Key Levels1. Resistance. 2 : 3.3402. Resistance. 1 : 3.1603. Pivot : 3.0694. Support. 1 : 2.8895. Support. 2 : 2.798Tactical ScenarioPressure Zone: If the price of #NG breaks down below 2.889, there is potential for downside pressure toward 2.798.Momentum Extension Bias: If 2.798 is also broken, there is potential for the weakness to continue toward 2.618.Invalidation Level / Bias RevisionThe downside bias is restrained if the price strengthens and breaks above 3.340.Technical Summary EMA(50) : 3.044EMA(200): 3.057RSI(14) : 40.58Economic News Release Agenda:Tonight the United States will release the following economic data:US - ADP Weekly Employment Change - TentativeUS - HPI m/m -21:00 WIBUS - S&P/CS Composite-20 HPI y/y - 21:00 WIBUS - CB Consumer Confidence - 22:00 WIBUS - Richmond Manufacturing Index - 22:00 WIBUS - Final Wholesale Inventories m/m - 22:00 WIBUS - API Weekly Statistical Bulletin - 04:30 WIBThe material has been provided by InstaForex Company - www.instaforex.com Visitante_a5b39014 1 1 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...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.