Natural Gas (NYMEX) ST: rebound in sight.

Pivot: 2.6000

Our preference: long positions above 2.6000 with targets at 3.5500 & 3.8000 in extension.

Alternative scenario: below 2.6000 look for further downside with 2.2900 & 2.1000 as targets.

Comment: a support base at 2.6000 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

4.1500

3.8000

3.5500

3.1090 Last

2.6000

2.2900

2.1000