The price has reached a new local peak, but the MACD indicator couldn’t update the previous peak, indicating a weakening of the upward momentum. The divergence increases the probability of a price reversal downward.
The RSI is currently holding above the mark of 50. The indicator calculating formula logic suggests that, on average, the ascending movement is currently predominant.
On the Stochastic indicator, the blue main line remains below the signal red line. The current state of the indicator neither cancels nor contradicts signals received from other technical indicators.
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: 3.258
✔️ First target: 3.201
✔️ Second target: 3.133
❌ Stop order: 3.302
Natural Gas M30: Downward divergence detected at MACD
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