| | Our pivot point is at 215.8.
Our preference: the upside prevails as long as 215.8 is support.
Alternative scenario: below 215.8, expect 187.5 and 170.7.
Comment: the RSI is trading above 70. This could mean that either the contract is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. The contract is trading above both its 20 and 50 day MA (standing respectively at 213.38 and 221.4). Finally, the Natural Gas (Dec 09 - MCX) is trading above its upper Bollinger band (standing at 235.77).
Supports and resistances:
307.6 *
290.7 **
273.7
239 last
226.9
215.8 **
187.5 * 
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(+4) 
(+1)
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