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Natural Gas Seems Ready To Return Inside The Expected Trading Zone

BySatendra Singh
Published 06/28/2017, 10:11 AM
Updated 07/09/2023, 06:31 AM

Natural Gas futures price seems to face stiff resistance at $3.102. It seems ready for a reversal after trading at four week high level. Correction from this level will be too healthy to provide a good strength to natural gas futures price move ahead.

Have a nice trading time.

Natural Gas 4 Hr. Chart

Latest comments

Excellent sir. Very valued analysis. My methods of analysis maybe different than yours but I come up with similar conclusions. Thank you for your work.
Thanks a lot Mr. Breeze for your kind regards. I try to conclude what I find on analysis of the movement of natural gas futures in different time zone and what this movement may cause ahead.
Hi satendra, typically follow your posts, specifically to support finding the 'bottom'. Would it be fair to say that if tomorrows report proves bullish we would get the next leg up vs correcting back down to the averages?
Dear Chris Thanks for your valuable comments. Anything is possible in this World. All technical analyses may prove on occurrence of any unexpected event. You are absolutely right. I would suggest to go ahead strictly with stop loss order, especially on the impending inventory day.Post
Dear Chris I find your both directional strong moves are absolutely possible. Although, I do not advice any one on personal level but your opinion for a Gap Down is possible first, perhaps tomorrow opening and the second possibility of another Gap Up after the announcement of impending inventory, if it comes in favor of a bullish move.. . These are only expectations not a trading advice. Both the situations may be expectations of Bulls and as well as the Bears. That is why I did not mention any such prediction particularly in this analysis because we are just before the announcement of impending inventory.. . All my readers are advised to take their own decision at their own only. Not to follow any Analyst blindfold. An Analyst only gives his or her comments only.
Thanks for the feedback. I suspect 3.060, 3.030 and perhaps 3.00 will be tested as speculation intensifies. If bearish to neutral report certainly test the gap up Monday that you called. We shall see tomorrow.
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