[Natural Gas]

Although the RSI(14) is in the Neutral-Bullish level, but with the the Death Cross condition between EMA(50) and EMA(200) indicates that Natural Gas has the potential to weaken toward its nearest support level today.

Key Levels

1. Resistance. 2 : 4.318

2. Resistance. 1 : 4.156

3. Pivot : 3.977

4. Support. 1 : 3.815

5. Support. 2 : 3.636

Tactical Scenario:

Pressure Zone: If the price of #NG breaks down below 3.815, it may continue to weaken down to 3.636.

Momentum Extension Bias: If 3.636 is broken, there is a potential for Natural Gas to test 3.474.

Invalidation Level / Bias Revision:

The downside bias is restrained if the price of Natural Gas unexpectedly strengthens and breaks above 4.318.

Technical Summary:

EMA(50) : 3.987

EMA(200): 4.023

RSI(14) : 50.84

Economic News Release Agenda:

Tonight, when the U.S. market session opens, the following economic data will be released:

US - ADP Weekly Employment Change - Tentative

US - Prelim GDP q/q - 20:30 WIB

US - Core Durable Goods Orders m/m - 20:30 WIB

US - Durable Goods Orders m/m - 20:30 WIB

US - Prelim GDP Price Index q/q - 20:30 WIB

US - Capacity Utilization Rate - 21:15 WIB

US - Industrial Production m/m - 21:15 WIB

US - CB Consumer Confidence - 22:00 WIB

US - Richmond Manufacturing Index - 22:00 WIB

US - API Weekly Statistical Bulletin - 04:30 WIB