FX.co ★ Natural Gas (NG)

#NG. Natural gas on H1 is trading below the day's opening level of 2.889 and below the daily Pivot level of 2.925. Key indicators are showing bearish signals, with the price below the 72-period moving average trend line, where volume unloading usually occurs. If the price rises above the level of 2.845, it will likely move towards 2.925 and potentially reach 2.975 and above. If the price drops below 2.845, it will signal a move to the south towards 2.804 and possibly down to 2.775. Natural gas is trading below the monthly Pivot level of 3.097 (previous 4.293), below the weekly Pivot level of 3.028, and below the daily Pivot level, indicating a bearish sentiment for natural gas. The current fork on this session is at the level of 2.845, from where the price may move lower towards 2.804 and beyond, or move higher towards 2.925 and potentially above.