Analysis and Recommendations:

Natural Gas  moved back up today, after falling all week to close yesterday at 2.295 and is currently holding at 2.308. There is a strong line of support at the 2.30 level and again at the 2.323 level. Natural Gas will most likely sit in this range for a while. Winter is over and there is little demand and inventories remain high.

Economic Events: (GMT)width=300

WEEKLY

Natural Gas Pivot Points (Time Frame: 1 Day)

 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
2.1290
2.1785
2.2430
2.2925
2.3570
2.4065
2.4710

Fibonacci
2.1785
2.2220
2.2490
2.2925
2.3360
2.3630
2.4065

Camarilla
2.2761
2.2866
2.2971
2.2925
2.3180
2.3284
2.3388

Woodie's
-
2.1822
2.2505
2.2963
2.3645
2.4102
-

DeMark's
-
-
2.3817
2.3049
2.2677
-
-