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[Natural Gas]
Although EMAs have not yet formed a Golden Cross, but the appearance of a Bullish Divergence on RSI(14) indicates there is a potential for strength in #NG in the near term.
Key Levels
1. Resistance. 2 : 3.565
2. Resistance. 1 : 3.459
3. Pivot : 3.325
4. Support. 1 : 3.219
5. Support. 2 : 3.085
Tactical Scenario
Positive Reaction Zone: If the price holds above 3.325, #NG may rise toward 3.459.
Momentum Extension Bias: If 3.459 is broken, Natural Gas could test 3.565.
Invalidation Level / Bias Revision
The upside bias weakens if Natural Gas falls and breaks below 3.085.
Technical Summary
EMA(50) : 3.317
EMA(200): 3.396
RSI(14) : 51.96 + Bullish Divergent
Economic News Release Agenda:
Tonight from the United States the following economic data will be released:
US - NFIB Small Business Index - 18:00 WIB
US - ADP Weekly Employment Change - Tentative
US - Core CPI m/m - 20:30 WIB
US - CPI m/m - 20:30 WIB
US - CPI y/y - 20:30 WIB
US - New Home Sales - 22:00 WIB
US - RCM/TIPP Economic Optimism - Tentative
US - 30-y Bond Auction - 01:01 WIB
US - Federal Budget Balance - 02:00 WIB
US - API Weekly Statistical Bulletin - 04:30 WIB
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