FX.co ★ Natural Gas (NG)

#NG. Natural gas on H1 is trading below the day's opening level of 4.503 and below the daily Pivot level of 4.518. Key indicators are showing a bearish trend, with the price below the 72-period moving average trend line, where volume unloading usually occurs. If the price rises above the level of 4.425, it will move towards the level of 4.477 and possibly reach 4.518. If the price drops below the level of 4.425, it will signal a move south towards 4.400 and potentially down to the level of 4.375. Natural gas is trading above the monthly Pivot level of 3.722, below the weekly Pivot level of 4.477, and below the daily Pivot level, indicating a strong correctional sentiment in the gas market. The branching point for this session is at the level of 4.425, from where the price may move lower towards 4.400, or higher towards 4.477 and beyond.