Natural Gas - 4 Hourly

Taking a look at natural gas as a potential set up towards the upside may be forming. Currently trading at around €27.04.

Taking a look at natural gas as a potential set up towards the upside may be forming. Currently trading at around €27.04, with support below along the trendline. Support sits along the trendline roughly at €26.47 and then at €26.15. A break below €26.16 could see the price fall further towards €25.11. Towards the upside, resistance sits at €27.44. A break and close above this resistance level may see the price of gas rise higher with the resistance then at €27.63. A move above €27.63 could open the door to €28. Looking at the technical indicators, MACD is negative but the volume is lowering (potentially turning neutral) and the RSI has just turned neutral as it reads 45.