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Natural Gas: A Voyage In Different Time Streams, IV

BySatendra Singh
Published 10/11/2017, 10:26 AM
Updated 07/09/2023, 06:31 AM

As I noted in my last analysis, natural gas prices have the appearance of a bullish formation in the 4-hourt chart.

If natural-gas prices can stay above $3.087, it will definitely be a turning point for the creation of an explosive up move in the weeks ahead.

No doubt, natural gas faces tough resistance in the price zone from $3.033 to 3.114, but its current strength of current move seems evident enough to thrash this resistive zone in a single stretch on the daily chart during the current uptrend.

4-Hour Natural Gas

4-Hour Natural Gas

4-Hour Natural Gas

4-Hour Natural Gas

Have A Nice Trading Time. Good Luck!

Disclosure: This content is for information and educational purposes only and should not be considered investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital you are prepared to lose.

Latest comments

Yep, almost always bullish. In case you haven't noticed NG is still in a downtrend Fundamentals - Shoulder season. Big injections inbound. 4 Tcf in range. Not bullish.
You are right and wrong. Current storage and ending storage is neutral at 5 year average. Bullish versus 2016
Dear Mr. Breeze I would like to know your valuable comments on my next analysis "Natural Gas: Expected Trading Zones" on October 12 which I submitted even before the stock inventory announcement. Now, after three hours you may see the level of natural gas futures price. Thanks a lot for your kind support.
Your lack of objective thoughts is what worries me - you are a perma bull which need to look at opposing views
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