[Natural Gas]

Natural Gas is currently trading sideways, as seen by the price moving between the EMA(50) and EMA(200). However, with the RSI(14) indicator in the Neutral-Bearish area, there is potential in the near term for a decline toward the nearest support level.

Key Levels

1. Resistance. 2 : 3.653

2. Resistance. 1 : 3.340

3. Pivot : 3.180

4. Support. 1 : 2.867

5. Support. 2 : 2.707

Tactical Scenario

Pressure Zone: If the price remains below 3.180, there is potential pressure toward 2.867.

Momentum Extension Bias: If 2.867 is broken to the downside, the weakening may continue to 2.707.

Invalidation Level / Bias Revision

The downside bias is restrained if #NG strengthens and breaks above 3.653.

Technical Summary

EMA(50) : 3.178

EMA(200): 3.106

RSI(14) : 47.05

Economic News Release Agenda:

Tonight the United States will release the following economic data:

US - NFIB Small Business Index - 17:00 WIB

US - ADP Weekly Employment Change - 19:15 WIB

US - Existing Home Sales - 21:00 WIB

US - API Weekly Statistical Bulletin - 03:00 WIB