[Natural Gas]
With RSI(14) in the Neutral-Bearish area, even though #NG remains in a sideways condition, this indicates that there is potential weakness in the near term toward its nearest support level.
Key Levels
1. Resistance. 2 : 3.215
2. Resistance. 1 : 3.143
3. Pivot : 3.052
4. Support. 1 : 2.980
5. Support. 2 : 2.889
Tactical Scenario
Pressure Zone: If the price breaks down below 2.980, there is potential pressure toward 2.889.
Momentum Extension Bias: If 2.889 is broken to the downside, the weakening may continue toward 2.817.
Invalidation Level / Bias Revision
The downside bias is restrained if the price strengthens and breaks out above 3.215.
Technical Summary
EMA(50) : 3.013
EMA(200): 2.994
RSI(14) : 31.61
Economic News Release Schedule:
No economic data releases from the United States today, but Fed Chair Mr. Powell will deliver a speech at 21:30 WIB.
