Natural Gas futures price seems to be moving well as I predicted in my last analysis. On analysis the movement of natural gas futures prices on April 26th, 2017 at 10:10:00 in different chart patterns, constructed by me in my last few analyses for different time zones, I find that now the bears are forced to carter the natural gas futures price more upward.
Now, all the resistive zones will be turned into strongest supportive zones, where the natural gas futures price will find thick presence of buyers; and the buyers will only be bears who would be covering their shorts eagerly. I would like to project the current movement of natural gas futures price in different chart patterns, designed by me for different time zone to explain more clearly the supportive and resistive zone.
Natural gas futures price seems to breach its first psychological resistance at $3.333 on or before the impending announcement on Thursday. Though, the quantum of volatility may be higher but I find the natural gas to be intact for joining an upward voyage once again shortly.
Once the natural gas futures price stays inside the zones, what I have defined as “Expected Propositional Trading Zones” up to the weekly closing on April 28th, 2017, bulls will definitely take the command form the tired bears. As I have already defined in my last analysis that now all the forthcoming moves in the days ahead will be more technically prone rather than being prone to weather related announcements.
Have a Nice Trading Time.
Disclaimer: This analysis is purely based on the observations. I do not have any position in natural gas. One can create position in natural gas at his/her own risk.
