The price reached a new local high, but the RSI indicator could not confirm this growth, remaining below the level of 70. The formed divergence signals a potential reversal and a possible price decline in the near future.
The MACD histogram is below the signal line. This indicator shows medium- and long-term trends and may ignore short-term price reversals and pullbacks sometimes.
There is the blue main line above the red signal line on the Stochastic indicator. The reversal pattern has not formed yet.
It is recommended to focus on short positions on Natural Gas. Entry points can be detected now or upon the technical confirmation after a retest of this level.
📌 Entry: 3.172
✔️ First target: 3.048
✔️ Second target: 2.986
❌ Stop order: 3.236
Natural Gas M30: The downward divergence from RSI
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