Natural Gas futures price movement has been well according to the expected propositional zone which I concluded in my last analysis for the period from July 25th to July 28th, 2017. Although, impending inventory is at the distance of 15 Hr. from now, I am trying to conclude the expected moves of Natural Gas futures price, on the basis of the same 4 Hr. Chart movements since July 25th – 28th, for the Week of July 30th, 2017.
I find that the Bears and as well as the Bulls are too eager to show their strength from a long time. I tried to conclude the eagerness of the Bears to test the “Trapping Zone”. Yes, they tried but had to jump quickly due to the thick presence of strong Bulls there. Announcement of lesser injection may also force the Bears to create a short covering rally, but once this starts Bulls will come upward to chase them towards new higher levels during the Week of July 30th, 2017.
Amid growing volatility, I would like to advice all the readers to take their positions at their own decision, not on the basis of any prediction.
Have a nice trading week.
