Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Natural Gas Futures: Expected Trading Zone From January 9th - 26th, 2017

BySatendra Singh
Published 01/07/2017, 10:30 AM
Updated 07/09/2023, 06:31 AM

Natural gas seems to be struggling between conflicting announcements of weather and continuous declining inventory. The recent fall in natural gas futures price was unexpected but the announcement of declines in inventory seemed to create an immediate and impulsive reversal in natural gas futures price from this level. On analysis of natural gas futures price in different time frames (monthly, weekly, daily, 5 hr. and 1 hr.), I find the level of $3.247 to $3.288 seems to be more supportive and ensures a technical bounce back from there.

Seasonally, natural gas demand tends to see an increase during this time. I expect a good upward reversal in natural gas futures price from here and its expected entry into its possible seasonal peak “B” on or before January 16th, 2017 as I predicted in my analysis.

I find natural gas futures price to move upward within a fixed upward trading zone from January 9th - 26th, 2016.

Disclaimer: This analysis is purely based on the technical observations. I do not have any position in natural gas. One can create position in natural gas at his/her own risk.

Latest comments

I think your analysis is good
Thanks for understanding a real voice, which always felt bitter when comes out against all odds, but hardly find someone to understand. . . You may feel me today and in next three days.. .
Your analysis doesn't seem to be that accurate. When you say the drop was unexpected, I wonder what kind of analysis you perform.
Dear Chris I have gone through your analysis published on January 6th, 2017 and I think you wanted to explain the same phenomenon. Now you may feel the accuracy of my analysis and I am sure in next three days you will find my analysis more accurate. Please don't mind. .
Useless anylis last time u called non-stop 4,8 prices
Natural Gas – Ride A Rally If Missed Last . . Natural Gas, whenever trades at lower levels after a big tumble, doubts start hovering all around about the bleakness of reversal possibilities. Traders have had lost confidence for creating a fresh buy position, even when they have intuition of an Up-move. Some times after facing big losses or a nightmare trapping are some facts responsible for their pessimistic attitude. Reason is only one and that is what most of the natural gas traders have faced many times in past few days. But need of the hour is to come out of past psychosis and have a look at the following .
Dear NG Tanker, Thanks for your valuable comments which inspire me to analyze more accurately. Hope my predicted targets will be met very soon.
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.