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Natural Gas: Decisive Territorial Fight Is Evident For A Bullish Move

Published 03/15/2018, 04:31 AM
Updated 07/09/2023, 06:31 AM

Since the submission of my last analysis, looking at the movement of Natural Gas futures on March 15th, 2018 at 04:16:00 in different chart patterns, I find that Natural Gas bull has been constantly attempting to push the exhausted bears out of their territory. A sustainable move above the level of $2.767 today well ahead or after the announcement of impending inventory will prove the bulls’ complete hold till then Bears will be facing more blood bath in the zone from $2.711 - $2.767. I find that the emergence of fresh buying at the current level is evident enough for eruption of a steep up move from the current levels to cross the level of $2.767.

Natural Gas Futures Price 4 Hr. Chart - Territorial Zones

Natural Gas Futures Price Daily Chart - Fluctuation Zones


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Latest comments

Dear Satendra,. I am seriously trying to learn to analyze the indicators to trade and I have a question.  In the last four days NG has fallen more then 5% from Tuesdays high.  Yet your interpretation of the indicators has consistently concluded a large bullish move is next.  What if anything was wrong with your analysis?  Or is this just as accurate as any analysis is ever going to be?  Again, I'm just trying to learn.
Strong work today
Your analysis looks good ...
As usual! Ha, ha..
correct
Forgot to mention... your comments have been very helpful in establishing & maintaining my positions although I trade on my own decisions & dd.... Thank You!!!
Thank you for your insightful analysis... keep up the good work!
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