[Natural Gas]

Although the RSI is in the Neutral-Bullish level, but with the position of both EMAs forming a Death Cross gives an opportunity for #NG to weaken today.

Key Levels:

1. Resistance. 2 : 4.500

2. Resistance. 1 : 4.435

3. Pivot : 4.334

4. Support. 1 : 4.269

5. Support. 2 : 4.168

Tactical Scenario:

Pressure Zone: If the price of #NG breaks down and closes below 4.334, it may continue to weaken toward 4.269.

Momentum Extension Bias: If 4.269 is breached as well, #NG may continue its decline down to 4.168.

Invalidation Level / Bias Revision:

The downside bias is held if Natural Gas strengthens and breaks above 4.500.

Technical Summary:

EMA(50) : 4.360

EMA(200): 4.419

RSI(14) : 58.15

Economic News Release Agenda:

Tonight, the following economic data will be released from the U.S. market session:

US - Trade Balance - 20:30 WIB

US - Crude Oil Inventories - 22:30 WIB