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Natural Gas Gap Down Ensures A Good Reversal

BySatendra Singh
Published 02/26/2017, 09:27 PM
Updated 07/09/2023, 06:31 AM
NG
-

Natural gas opening on February 26th, 2017 at $2.695 seems to provide a good buying opportunity. On analysis I find that this sudden move on February 26th, 2017 ensures a good recovery till the first opening session of the week of February 27th 2017. Natural gas futures price still trading within the sub-zone B of expected trading zone for the period from March-September 2017 in my last analysis and still within the down trend zone of the decisive trading zone in a weekly chart explained in my analysis “Natural Gas Decisive Trading Zone For 2017, Part II” on February 26th, 2017.

I find the natural gas futures price to fill this gap from $2.695 to $2.798 on the first trading day of the week of February 27th, 2017 and the day closing above $2.825 will ensure the possibilities of up moves soon.

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

But so far his predictions have not been coming true. And eventually after 2.50 to 2.60 it will come true , then which is not prediction it is common sense. It has to come up at one point. Point when analyst give their opinion it should to the point , I find on the forum few guys predicting better then these analyst here. Guys like , KUMAR / MH / BRIDA / VIJAY VARADE
That's a pretty bold prediction !! I hope, you are right because you seem to be the only Analyst who does not double talk.
Thanks for your valuable comments.
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