Natural Gas Trend Today Technical Analysis for 12-02-2020 13:00:03


In 1 hour chart Natural Gas price continues to trade at 129.5 and below the (Exponential Moving Average)EMA200 value of 133.069 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Buy mode. Therefore, we will keep our Sell overview conditioned by the price stability below

However, if Natural Gas continues to trade below level, that could be an extraordinarily Bearish sign for Natural Gas

Even so, the 200-candle Exponential moving average (EMA) price range of 133.069 is proving a tough nut to crack.

Pivot (invalidation): 126.833

Our preference: Long positions above 128.067

Alternative scenario: Below 125.867 look for further downside.

Support Resistance Levels For Natural Gas Today at 12-02-2020 13:00:03

Pivot: 126.833

Resistance 1: 128.067

Resistance 2: 129.033

Resistance 3: 130.267

Support 1: 125.867

Support 2: 124.633

Support 3: 123.667

Yesterday High Low Close For Natural Gas

Yesterday High: 127.8

Yesterday Low: 125.6

Yesterday Close: 127.1

Today at 12-02-2020 13:00:03 Natural Gas trading at 129.5 with high of 129.9 and low of 127.9

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