30.03.202607:24 Forex Analysis & Reviews: There is potential for weakening in Natural Gas towards its nearest Support level

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[Natural Gas]

With RSI(14) in the Neutral-Bearish area, even though #NG remains in a sideways condition, this indicates that there is potential weakness in the near term toward its nearest support level.

Key Levels

1. Resistance. 2 : 3.215

2. Resistance. 1 : 3.143

3. Pivot : 3.052

4. Support. 1 : 2.980

5. Support. 2 : 2.889

Tactical Scenario

Pressure Zone: If the price breaks down below 2.980, there is potential pressure toward 2.889.

Momentum Extension Bias: If 2.889 is broken to the downside, the weakening may continue toward 2.817.

Invalidation Level / Bias Revision

The downside bias is restrained if the price strengthens and breaks out above 3.215.

Technical Summary

EMA(50) : 3.013

EMA(200): 2.994

RSI(14) : 31.61

Economic News Release Schedule:

No economic data releases from the United States today, but Fed Chair Mr. Powell will deliver a speech at 21:30 WIB.

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