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Will Natural Gas Bounce From Support?

Published 02/16/2017, 05:10 AM
Updated 02/01/2024, 03:34 AM

Natural gas: Will it bounce from support?

Natural Gas Daily Chart

Original post

Latest comments

Expected Trading Zone After Impending Announcement on February 16th, 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.
Dear Mr. Petros Steriotis, I like your analysis very much but I find one thing always missing and that is a one clear prediction according to an Analyst like you. . . Special views of an Analyst are always welcome by the readers who are not only our great evaluaters but also looks for a specialized work.. . If as a writer or an analyst we leave it for the readers to evaluate themselves, it declines the importance of our analysis. . . I request you to kindly define your view at least in few paragraphs along with your chart analysis. Your valuable comments will help the readers to understand your views particularly. At the end of your explanation, you may kindly indicate for the readers to take their decision before creating any position themselves. No one would like to blame you, if you leave it up to the readers that you are not asking them to make their move on your views.. . I hope you would not mind my comments. .
Agree.
Hi thanks for your comments. Well, I try to make technical patterns clear to people. Technical analysis is not about making bold statements about the future. In that particular moment NG was balancing on an important long-term support line. This by itself means a lot. Maybe you want to follow other analysts who join one side of the market or the other.
Thanks a lot Mr. Petros to hear your kind words. You are right that analysis is not making bold statements about future. And I will say making a bold statement about future specially in case of Natural Gas is extremely difficult because a sudden change in weather may cause a complete reversal of all technical equations all of a sudden.. . But I request you to make at least some clear views about the next possible move of Natural Gas. Readers expect your personal inclination about forthcoming expected directional move in Natural Gas.. . Thanks a lot once again.
What about your opinion....ng will bounce or not ?
Lol. Will it rain today? Will tell you tomorrow
Bullish
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