Natural Gas (NYMEX) may fall to 2.9700 - 3.0500.

Natural Gas (NYMEX) may fall to 2.9700 - 3.0500.

Our pivot point stands at 3.3200.

Our preference : The downside prevails as long as 3.3200 is resistance.

Alternative scenario The upside breakout of 3.3200, would call for 3.4500 and 3.5300.

Comment : The RSI is below its neutrality area at 50.

The MACD is below its signal line and negative.

The configuration is negative.

Natural Gas (NYMEX) (MAR6) stands below its 20 and 50 period moving average (respectively at 3.2220 and 3.2280).