Natural Gas (NG) is trading at $2.46, marking a decrease of 0.44%. Analyzing the 2-hour chart, the current pivot point is precisely at $2.46. Resistance levels are set at $2.53, $2.59, and $2.64, respectively. On the downside, immediate support can be found at $2.42, with further support levels at $2.36 and $2.32.

Technical indicators suggest a bearish sentiment. The 50-day Exponential Moving Average (EMA) is at $2.63, and the 200-day EMA is higher at $2.74, both above the current price.

In conclusion, the outlook for Natural Gas is bearish below $2.46. A move above this pivot could suggest a shift towards a more bullish trend, while failure to surpass it may reinforce bearish pressures.

WTI Oil Price Forecast