[Natural Gas]

With technical indicators condition indicating a weakening trend, Natural Gas has the potential to decline today.

Key Levels

1. Resistance. 2 : 5.325

2. Resistance. 1 : 5.091

3. Pivot : 4.971

4. Support. 1 : 4.737

5. Support. 2 : 4.617

Tactical Scenario:

Pressure Zone: If the price breaks down below 4.737, #NG will test 4.617.

Momentum Extension Bias: If 4.617 is also broken, Natural Gas could continue its decline down to 4.383.

Invalidation Level / Bias Revision:

The downside bias is held if the price of Natural Gas unexpectedly strengthens and breaks above 5.325.

Technical Summary:

EMA(50) : 4.968

EMA(200): 4.996

RSI(14) : 30.05

Economic News Release Agenda:

From the United States, the following economic data will be released today:

US - NFIB Small Business Index - 18:00 WIB

US - ADP Weekly Employment Change - Tentative

US - JOLTS Job Openings - 22:00 WIB

US - CB Leading Index m/m - 22:00 WIB

US - 10-y Bond Auction - 01:00 WIB

US - API Weekly Statistical Bulletin - 04:30 WIB