Overview - NYMEX in Bearish Trend

Overview :

NYMEX Natural Gas is in bearish trend , there is good support level break out expected .If Natural Gas breaks the level of 3.800 then further downside movement is expected to test the level of 3.755 downside. . 

 

Overview :

NYMEX Natural Gas is in bearish trend , there is good support level break out expected .If Silver breaks the level of 3.800 then further downside movement is expected to test the level of 3.755 downside. .

Indicators:

Its RSI is sustaining below the 50's levels & can test 30's level indicating the further downside movement in the commodity.

Technical - Levels

	R2	R1	S1	S2
GOLD	1242.12	1234.82	1217.24	1210.8
SILVER	18.01	17.70	17.00	16.64
CRUDE OIL	88.41	86.82	83.55	82.08
COPPER	3.1019	3.0631	2.9707	2.9488
NATURAL GAS	4.0710	3.9790	3.8090	3.7540

Trading Strategy :

NYMEX Natural Gas weak on chart. If NYMEX Natural Gas breaks the level of 3.800 downside, then it can test the level of 3.755. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

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