FX.co ★ Natural Gas (NG)

#NG. Natural gas on H1 is trading near the day's opening level of 4.218 and below the daily Pivot level of 4.352. 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 4.218, it will move towards the level of 4.352 and potentially up to 4.592. If the price drops below the level of 4.218, it will signal a bearish move towards 4.100 and potentially down to the level of 4.000. Natural gas is trading below the monthly Pivot level of 4.592 (previous 3.722), below the weekly Pivot level of 5.197, and below the daily Pivot level, indicating a bearish sentiment for natural gas. The fork for this session is at the day's opening level of 4.218, from where the price may move down towards 4.000, or if it goes up, it will head towards 4.352 and beyond.