Natural Gas (Jan 12 - MCX) ST: short term rebound towards 179.6
Our pivot point is at 151.5.
Our preference: short term rebound towards 179.6.
Alternative scenario: below 151.5, expect 143.6 and 139.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. The price stands below its 20 and 50 day MA (respectively at 166.25 and 174.97). Natural Gas (Jan 12 - MCX) is currently trading near its 52 week low at 157.6 reached on 03/01/12.
Supports and resistances:
184.5 *
179.6 **
174.8
160.2 last
154.5
151.5 **
143.6 *
Our pivot point is at 151.5.
Our preference: short term rebound towards 179.6.
Alternative scenario: below 151.5, expect 143.6 and 139.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. The price stands below its 20 and 50 day MA (respectively at 166.25 and 174.97). Natural Gas (Jan 12 - MCX) is currently trading near its 52 week low at 157.6 reached on 03/01/12.
Supports and resistances:
184.5 *
179.6 **
174.8
160.2 last
154.5
151.5 **
143.6 *
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