Natural Gas (NYMEX) (AUG5) ST: the downside prevails as long as 3.6880 is resistance

Our pivot point stands at 3.6880.

Our preference: the downside prevails as long as 3.6880 is resistance.

Alternative scenario: the upside breakout of 3.6880, would call for 4.0220 and 4.2210.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. The price stands below its 20 and 50 day moving average (respectively at 3.6890 and 3.7410).

Supports and resistances:

4.2210 **

4.0220 *

3.6880 **

3.5570

3.4240 last

3.0130

2.8150 **