[Natural Gas]

With all technical conditions of Natural Gas which indicates weakness, #NG has the potential today to weaken down toward its nearest support level.

Key Levels

1. Resistance. 2 : 3.340

2. Resistance. 1 : 3.160

3. Pivot : 3.069

4. Support. 1 : 2.889

5. Support. 2 : 2.798

Tactical Scenario

Pressure Zone: If the price of #NG breaks down below 2.889, there is potential for downside pressure toward 2.798.

Momentum Extension Bias: If 2.798 is also broken, there is potential for the weakness to continue toward 2.618.

Invalidation Level / Bias Revision

The downside bias is restrained if the price strengthens and breaks above 3.340.

Technical Summary

EMA(50) : 3.044

EMA(200): 3.057

RSI(14) : 40.58

Economic News Release Agenda:

Tonight the United States will release the following economic data:

US - ADP Weekly Employment Change - Tentative

US - HPI m/m -21:00 WIB

US - S&P/CS Composite-20 HPI y/y - 21:00 WIB

US - CB Consumer Confidence - 22:00 WIB

US - Richmond Manufacturing Index - 22:00 WIB

US - Final Wholesale Inventories m/m - 22:00 WIB

US - API Weekly Statistical Bulletin - 04:30 WIB