[Natural Gas]

With RSI(14) indicator condition in the Neutral-Bullish area and EMA(50) forming a Golden Cross intersection above EMA(200), it is a confirmation that there is potential for #NG to strengthen today toward its nearest resistance level.

Key Levels

1. Resistance. 2 : 3.174

2. Resistance. 1 : 3.077

3. Pivot : 2.972

4. Support. 1 : 2.875

5. Support. 2 : 2.770

Tactical Scenario

Positive Reaction Zone: If the price of #NG breaks out above 3.077, it may move up toward 3.174.

Momentum Extension Bias: If 3.174 is broken, #NG could test 3.279.

Invalidation Level / Bias Revision

The upside bias weakens if Natural Gas falls below 2.770.

Technical Summary

EMA(50) : 2.961

EMA(200): 2.927

RSI(14) : 62.04

Economic News Release Agenda :

Tonight the United States will release the following economic data:

US - RCM/TIPP Economic Optimism - Tentative

US - Wards Total Vehicle Sales - All Days

US - API Weekly Statistical Bulletin - 04:30 WIB