Our pivot point stands at 3.45.
Our preference: as long as 3.45 is support look for 4.23.
Alternative scenario: the downside breakout of 3.45 would call for 3.17 and 2.99.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace in the short term. The price is trading above both its 20 and 50 day MA (respectively at 3.5 and 3.15 ). Finally, the Natural gas (Dec 12 - NYMEX) has crossed above its upper Boillinger band (3.7).
