Our pivot point is at 3.62.
Our preference: the upside prevails as long as 3.62 is support.
Alternative scenario: below 3.62, expect 3.37 and 3.21.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. The price is trading above both its 20 and 50 day MA (respectively at 3.64 and 3.42). Natural Gas (Dec 12 - NYMEX) is currently trading near its 52 week high reached at 3.84 on 20/11/12.
