NYMEX Natural Gas ended the previous session at $2.35; currently trading at $2.27 per MMBtu

NYMEX Natural Gas is down to $2.27 per MMBtu, after ending yesterday at $2.35. Overall, a 3.19% loss or 7.5 cents today.

The MACD index is indicating that momentum is shifting from bullish to bearish following a negative crossover. When the MACD falls below the signal line, it is typically considered to be a bearish development favoring short positions.

Overall, looking at the technical analysis landscape, it seems US Natural Gas is likely to continue pointing down in the short term.