[Natural Gas]
With technical conditions indicating weakness in #NG, then there is potential today to continue its weakening bias.
Key Levels
1. Resistance. 2 : 3.857
2. Resistance. 1 : 3.559
3. Pivot : 3.357
4. Support. 1 : 3.059
5. Support. 2 : 2.857
Tactical Scenario
Pressure Zone: If the price breaks down below 3.059, there is potential pressure toward 2.857.
Momentum Extension Bias: If 2.857 is broken, there is potential for #NG to continue toward 2.559.
Invalidation Level / Bias Revision
The downside bias is restrained if the price breaks above 3.857.
Technical Summary
EMA(50) : 3.548
EMA(200): 4.352
RSI(14) : 31.87
Economic News Release Agenda:
Tonight the United States will release the following economic data:
US - JOLTS Job Openings - Tentative
US - RCM/TIPP Economic Optimism - Tentative
US - Wards Total Vehicle Sales - All Day
US - API Weekly Statistical Bulletin - 04:30 WIB
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