Natural Gas (NYMEX) may rise to 3.7300 - 3.8200.

Natural Gas (NYMEX) may rise to 3.7300 - 3.8200.

Our pivot point stands at 3.4200.

Our preference : Short term rebound.

Alternative scenario The downside breakout of 3.4200 would call for 3.2800 and 3.2000.

Comment : The RSI is above 50.

The MACD is negative and above its signal line.

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

Natural Gas (NYMEX) (MAR6) stands above its 20 period moving average (3.5340) but below its 50 period moving average (3.5860).