[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

