FX.co ★ Natural Gas (NG)

#NG. Natural gas on H1 is trading above the opening level of 3.767 and below the daily Pivot level of 6.970. Key indicators show a bearish trend, with the price below the 72-period moving average trend line, where volume unloading usually occurs. If the price goes above the level of 3.767, it will rise towards 3.923 and potentially to 4.293. If the price drops below 3.767, it will signal a move to the south towards 3.728 and potentially down to 3.660. Natural gas is trading below the monthly Pivot level of 4.293 (previous 4.592), below the weekly Pivot level of 4.792, and below the daily Pivot level, indicating a bearish sentiment for natural gas. The fork for this session is at the opening level of 3.767, from where the price may move down towards 3.728, or up towards 3.923 and beyond.