REDATOR Ben Graham Posted February 9 REDATOR Report Share Posted February 9 [Natural Gas] With all technical conditions pointing to weakness, then #NG has the potential to continue its decline toward the nearest support level. Key Levels1. Resistance. 2 : 3.7532. Resistance. 1 : 3.5793. Pivot : 3.4844. Support. 1 : 3.3105. Support. 2 : 3.215Tactical ScenarioPressure Zone: If the price breaks down below 3.310, there is potential pressure toward 3.215.Momentum Extension Bias: If 3.215 is also broken to the downside, #NG may move toward 3.041.Invalidation Level / Bias RevisionThe downside bias is restrained if the price strengthens and breaks above 3.753.Technical Summary EMA(50) : 3.411EMA(200): 3.580RSI(14) : 25.70Economic News Release Agenda:Tonight there are no economic data releases from the United States.The material has been provided by InstaForex Company - www.instaforex.com Visitante_5c263646 and Visitante_6649a6b4 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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