Natural Gas (NYMEX) (NOV5) intraday: as long as 3.2700 is support look for 3.6200

Our pivot point stands at 3.2700.

Our preference: as long as 3.2700 is support look for 3.6200.

Alternative scenario: the downside breakout of 3.2700 would call for 3.1300 and 3.0500.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Natural Gas (NYMEX) (NOV5) is above its 20 and 50 period moving average (respectively at 3.3600 and 3.3240).

Supports and resistances:

3.7900 **

3.7000 *

3.6200 **

3.5400

3.3730 last

3.3200

3.2700 **