Natural gas futures price movement since the announcement of weekly inventory seems steady enough for maintaining the continuity of an uptrend in the days ahead. On analysis the natural price movement in different time zones in different chart patterns, constructed by me in my last few analyses, I find that the movement even after the announcement of natural gas inventory is looking convincing enough for the continuity of an uptrend in expectation of an active spring pattern in most parts of the United States which will further boost the growing demand of natural gas in the next few weeks. I find that the movement may be too volatile due to quick shifting in weather related announcements in the days ahead, but overall the longer term direction of the natural gas futures price will remain upward.
A look at the movement of natural gas futures prices in different time zones on April 6th, 2017 at 12:15:00 makes my bullish inclination to come out whenever any sudden shift in weather related announcements brings the natural gas futures price downward towards a stagnant level first above $3.247 and second whenever if a fall tries to push it inside the Bear Trapping Zone, and finally after a stagnant movement above $3.366 and its stay for at least two trading sessions.
Finally, I would like to conclude that the successful entry of natural gas futures price into the main section of my constructed chart pattern Decisive Trading Zone For 2017 in a weekly zone convincing enough for my bullish inclination, but a weekly closing on April 7th, 2017 above $3.444 will definitely boost the morale of the Bulls. I find the weekly closing more near to my expectations.
Have a Nice Trading Time.
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.