FX.co ★ Natural Gas (NG)

#NG. Natural gas on H1 is trading below the day's opening level of 3.031 and below the daily Pivot level of 3.045. 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 2.950, it will move towards the level of 3.031 and potentially to 3.097 and above. If the price drops below the level of 2.950, it will signal a move to the south towards 2.900 and potentially down to the level of 2.888. Natural gas is trading below the monthly Pivot level of 3.097 (previous 4.293), below the weekly Pivot level of 3.192, and below the daily Pivot level, indicating a bearish sentiment for natural gas. The current fork on this session is at the level of 2.950, from where the price may move lower towards 2.888, or higher towards 3.045 and potentially beyond.