Natural Gas (NYMEX) (AUG5) intraday: the upside prevails as long as 3.3000 is support

Our pivot point stands at 3.3000.

Our preference: the upside prevails as long as 3.3000 is support.

Alternative scenario: the downside breakout of 3.3000 would call for 3.1600 and 3.0800.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Natural Gas (NYMEX) (AUG5) is above its 20 and 50 period moving average (respectively at 3.4050 and 3.4110).

Supports and resistances:

3.8300 **

3.7500 *

3.6700 **

3.5800

3.4160 last

3.3600

3.3000 **