FX.co ★ Natural Gas (NG)

#NG. Natural gas on H1 is trading near the opening level of the day at 3.079 and below the daily Pivot level at 3.118. 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 3.079, then it will rise towards the level of 3.111 and possibly to 3.118 and higher. If the price drops below the level of 3.079, it will signal a move south towards 3.067 and below to the level of 3.030 and lower. Natural gas is trading below the monthly Pivot level at 3.111 (previous 2.685), below the weekly Pivot level at 3.238, and below the daily Pivot level, indicating a bearish sentiment for gas. At the moment on this session, the opening level of the day is at 3.079, from where the price may go down south towards the level of 3.067 and lower, or go up towards the level of 3.090 and higher.