Natural Gas (NYMEX) may rise to 2.4000 - 2.5000

2.1500 is our pivot point.

Our preference

The upside prevails as long as 2.1500 is support.

Alternative scenario

The downside breakout of 2.1500 would call for 2.0900 and 2.0300.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Natural Gas (NYMEX) (NOV4) is above its 20 and 50 period moving average (respectively at 2.2890 and 2.2700).

Supports and resistances

2.5600 **

2.5000 *

2.4000 **

2.3700

2.3270 last

2.2000

2.1500 **

2.0900 *

2.0300 **

Number of asterisks represents the strength of support and resistance levels.