Natural Gas (NYMEX) (MAY5) intraday: short term rebound towards 3.7600

Our pivot point is at 3.3700.

Our preference: short term rebound towards 3.7600.

Alternative scenario: below 3.3700, expect 3.2300 and 3.1500.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Natural Gas (NYMEX) (MAY5) is trading above its 20 period moving average (3.4960) but under its 50 period moving average (3.5980).

Supports and resistances:

3.9300 **

3.8500 *

3.7600 **

3.6800

3.5010 last

3.4300

3.3700 **