REDATOR Ben Graham Posted January 6 REDATOR Report Share Posted January 6 [Natural Gas] By looking at the whole technical analysis data for Natural Gas which indicates weakness starting from the Death Cross of EMA(50) with EMA(200) and the RSI(14) indicator which is in the Neutral-Bearish area, Natural Gas is likely to continue its downside today. Key Levels1. Resistance. 2 : 3.6292. Resistance. 1 : 3.5583. Pivot : 3.4574. Support. 1 : 3.3865. Support. 2 : 3.285Tactical ScenarioPressure Zone: If the price of Natural Gas breaks down below 3.457, there is potential pressure toward 3.386.Momentum Extension Bias: if 3.386 is breached to the downside, there is potential for the weakness to continue toward 3.285. Invalidation Level / Bias RevisionThe downside bias is contained if #NG suddenly strengthens and breaks and closes above 3.629. Technical SummaryEMA(50) : 3.494EMA(200): 3.724RSI(14) : 43.75Economic News Release Agenda :Tonight from the United States the following economic data will be released:US- Final Services PMI - 21:45 WIBUS - API Weekly Statistical Bulletin - 04:30 WIBThe material has been provided by InstaForex Company - www.instaforex.com Visitante_7850aa78, Visitante_40ac9fd2 and Visitante_bcd1b688 1 1 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...
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