[Natural Gas]

With the appearance of a Bearish Divergence suggests that a correction in Natural Gas may occur in the near future, but as long as it does not break and close below its Support 2, #NG will likely continue its strengthening bias.

Key Levels:

1. Resistance. 2 : 4.670

2. Resistance. 1 : 4.578

3. Pivot : 4.518

4. Support. 1 : 4.426

5. Support. 2 : 4.366

Tactical Scenario:

Positive Reaction Zone: If the price breaks out above 4.578, then #NG has the potential to test the 4.670 level.

Momentum Extension Bias: If 4.670 is broken and closes above, #NG may continue its strength up to 4.730.

Invalidation Level / Bias Revision:

The upside bias weakens if the price of #NG declines and breaks down to close below 4.366.

Technical Summary:

EMA(50) : 4.529

EMA(200): 4.487

RSI(14) : 68.11 + Bearish Divergent

Economic News Release Agenda:

There are no economic data to be released in the US session today.