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Natural Gas: Beware Of Bulls Trapping Zone Ahead

Published 07/19/2017, 07:44 AM
Updated 07/09/2023, 06:31 AM

Natural Gas futures price seems to be facing tough resistance at the current levels. Emergence of small rallies seems to trap the Bulls only. Amid growing volatility before the impending inventory announcement, I find the emergence of a "Bulls Trapping Zone".

Have a nice trading time.
Natural Gas 1 Hr Chart

Latest comments

My thoughts exactly. $2.80s in the next 1-2 weeks IMO. Bear channel since May continues
Dear Mr. Breeze thanks a lot for sharing your valuable comments.
Sir what we have to do at this level??
I suggest to be on the sideline. Best strategy would be wait and watch till the coming Friday before taking any position. Let the volatility settle down first and take your decision accordingly after the opening on the first trading session for the Week of July 23rd. Possibility of a gap seems to be on the chart on the first trading session  which will be a decisive factor for the further directional move of the Natural Gas futures price for the next few weeks. This is only my personal opinion, not a trading advice.
Thank you Sir, I appreciate your work!
Dear Mr. Paulus thanks a lot for your valuable comments.
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