Natural Gas (NYMEX) may rise to 3.1200 - 3.1900.

Natural Gas (NYMEX) may rise to 3.1200 - 3.1900.

Our pivot point is at 2.8700.

Our preference : Short term rebound.

Alternative scenario The downside breakout of 2.8700 would call for 2.7500 and 2.6800.

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

The MACD is above its signal line and negative.

The MACD must break above its zero level to trigger further gains.

Natural Gas (NYMEX) (APR6) stands above its 20 period moving average (2.9370) but below its 50 period moving average (2.9820).