FX.co ★ mozell.abshire | Natural Gas (NG)

#NG. Natural gas on H1 is trading below the day's opening level of 3.224 and below the daily Pivot level of 3.240. Key indicators show a bearish trend, with the price below the 72-period moving average trend line, where volume unloading usually occurs. If the price goes above the level of 3.140, it will rise towards the level of 3.240 and potentially to 3.310. If the price drops below the level of 3.140, it will signal a move south towards 3.122 and potentially down to the level of 3.065. Natural gas is trading below the monthly Pivot level of 4.293 (previous 4.592), below the weekly Pivot level of 4.406, and below the daily Pivot level, indicating a bearish sentiment for natural gas. The fork for the session is at the level of 3.140, from where the price may move lower towards 3.065, or higher towards 3.240 and beyond.