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

#NG. Natural gas on H1 is trading above the opening level of 3.046 and near the daily Pivot level of 3.066. Key indicators show a bullish sentiment, with the price above the 72-period moving average trend line, typically indicating volume distribution. If the price moves above the level of 3.066, it will likely rise towards 3.075 and potentially reach 3.097 or higher. However, if the price drops below 3.066, it could signal a bearish move towards 2.996 and even lower to the level of 2.960. Natural gas is trading below the monthly Pivot level of 3.097 (previous 4.293), above the weekly Pivot level of 2.960, and near the daily Pivot level, suggesting a corrective mood in the gas market. At the moment, the pivot point for this session is at 3.066, from where the price may decline towards 2.996 or rise towards 3.075 and potentially higher.