FX.co ★ Natural Gas (NG)

#NG. Natural gas on H1 is trading above the opening level of 3.133 and near the daily Pivot level of 3.145. Key indicators show bearish signals and the price is below the MA72 trend line, where volume unloading usually occurs. If the price goes above the level of 3.145, then it will rise towards the level of 3.166 and possibly to 3.238 and higher. If the price drops below the level of 3.145, it will signal a move south towards 3.111 and lower to the level of 3.065 and beyond. Natural gas is trading above the monthly Pivot level of 3.111 (previous 2.685), below the weekly Pivot level of 3.238, and near the daily Pivot level, indicating a corrective sentiment for gas. At the moment, the pivot level for this session is at 3.145, from where the price may move lower towards 3.111 and below, or move higher towards 3.200 and beyond.