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Natural Gas: Opening In Expected Zone Seems To Extend Expectations

BySatendra Singh
Published 03/12/2017, 07:58 PM
Updated 07/09/2023, 06:31 AM


A gap up opening of Natural gas futures price on March 13th, 2017 at 18:00:00 seems to extend expectations of bulls for a fresh entry. After opening at 3.083, it came down a little due to profit book but a quick recovery within an hour seems enough to confirm the continuation of an uptrend till the announcement of impeding inventory during this week.

This one hour movement on March 13th, 2017 seems to maintain its presence within the Expected Opening Zone as I predicted in my analysis and I find that the further movements during the week of 13th March, 2017 will be well within this article .

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.
Natural Gas Daily Chart

Latest comments

I am standing on short position @190 of april contract... What should i do? Hold or exit
D3. If NG ear Mr. Dhanani, basically I don't advice any one, because I don't know when and how much bigger position you have created in natural gas. And giving personal advice brings unnecessary blames. But if you wish to take my personal advice first d. on't blame me for any loss, if you face.. . I may only say, suppose if you are sitting on short side at Rs.190/- in April 2017 with one lot and have the capacity to buy one more lot. Then I would like to suggestion for you will be as follows:-. . First, place a stop loss order on Tuesday after opening at Rs.2 above the opening price and wait and if NG moves slow downward, bring the stop loss order a little downward step by step and simultaneously place a target order to cover your position at Rs.187.60 and Rs.188.20. . Wait for the NG to come more down ward and bring your SL at 188.20.
Thank you sir.. It's a market and there is no meaning to blame anyone for that reason..and you told me your point of view by your hardwork and research. Again thanks for your valuable time sir.
Santendra, excellent analysis, so based on your forecast today (Mar 12, 2017 07:58PM ET) uptrend for the next two weeks?
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