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Natural Gas Decisive Trading Zone For 2017, Part II

Published 02/22/2017, 03:29 AM
Updated 07/09/2023, 06:31 AM

Natural gas futures price is currently at the bottom of a downward trend zone due to the sudden announcement of warmer than normal weather on February 21st, 2017. Consequently, a strong spurt in crude oil futures price was seen due to expected growing demand.

On analysis of the movement of natural gas futures price in the same decisive zone in a weekly chart which I prepared on February 11th, 2017 as part of my last analysis, I find a good reversal can be expected from current levels on Friday, February 24th , 2017.

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 agree with other posters that for 3 weeks you've been saying this could be the bottom and NG could rise. I've been holding short for 3 weeks now since DGAZ 3.85 and have made a ******** I've also told everyone to stay short as weather warms and draws become smaller and will eventually start to add to inventory.
Respected sir.....you always said that u think this is last lag of downfall..but it continuously downing . sir please do your best analysis ...Because we all are following you but our losses become more and more when we follow your analysis... so please please provide your best effort so that we can earn money.. Thanks in advance
hello Mr. ahmad will u believe or not but i m a trader and advisor both and i make consistent money while trading natural gas if u ask i have a demat account proof as well trades with financial ledger if u r in loss u can let me know with transparency and honesty u will recover ur losses thanks
yes i'm in huge loss in ng..please me to recover loss..thanks
bhuwan sr is my boss and someone deleting his number here
On what basis? The same analysis that has new you so Wei g all week??
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