FX.co ★ Natural Gas (NG)

#NG. Natural gas on H1 is trading above the day's opening level of 4.831 and above the daily Pivot level of 4.871. Key indicators are showing a bullish trend, with the price above the 72-period moving average trend line, where volume unloading usually occurs. If the price goes above the level of 4.898, it will move towards the 5.000 level and potentially to 5.100. If the price drops below 4.898, it will signal a move to the south towards 4.871 and potentially down to the 4.819 level. Natural gas is trading above the monthly Pivot level of 4.592 (previous 3.722), above the weekly Pivot level of 4.650, and above the daily Pivot level, indicating a bullish sentiment for natural gas. The fork for this session is at the day's opening level of 4.898, from where the price may drop to 4.871 to the south, or rise above to the 5.000 level and beyond.