Natural Gas (NG)
Last week and the beginning of this week, the natural gas quote did not break above the resistance at 4.200, which is reinforced by the MACD line on the daily timeframe.
The signal line of the Marlin oscillator turned downward after twice reversing from the growth territory boundary. The price is now attempting to consolidate below the 3.752 level. Consolidation below the balance line has already occurred. The target support at 3.017 is practically open.
Two indicator lines stopped yesterday's upward price spike on the four-hour chart. The price has now consolidated below the 3.752 level. We expect the downward trend to continue. The 3.752 level now serves as the cap for any correction.
