FX.co ★ Natural Gas (NG)

#NG. Natural gas on H1 is trading near the day's opening level of 2.635 and below the daily Pivot level of 2.651. Key indicators show a bullish trend and the price is above the MA72 trend line, where volume unloading usually occurs. If the price goes above the level of 2.635, then it will rise towards 2.651 and possibly to 2.750 and higher. If the price drops below the level of 2.635, it will signal a move to the south towards 2.592 and further down to the level of 2.525 and below. Natural gas is trading below the monthly Pivot level of 3.058 (previous 3.097), above the weekly Pivot level of 2.592, and below the daily Pivot level, indicating a corrective sentiment for natural gas. At the moment, the opening level of the day is at 2.635, from where the price may go down towards 2.592 and lower, or go up towards 2.690 and higher.