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Natural Gas Levels To Watch

BySatendra Singh
Published 10/06/2017, 10:18 AM
Updated 07/09/2023, 06:31 AM

Natural Gas futures price seems to be moving well inside the “Bear Trapping Zone” as I noted in my analysis Natural Gas: Bears Trapping Zone

If I am right, the impending inventory will provide enough strength to bulls.

On analysis of the movement of natural gas futures since then in the same 4-hr. chart, I find the thick presence of bulls in the trading zone from $2.874 to $2.890, which provide a strong platform for bulls to take a rest.

I conclude that the weekly closing on October 6, 2017 above $2.934 will enhance the possibilities of a gap-up opening on the first trading session of the Week of October 8, 2017. If I am right, a breakout point will be the next target for bulls before October 10, 2017.

4-Hour Natural Gas

Natural Gas Possible Breakout Point

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

Hey Guys, if you don't agree with what he says then don't read it, no reason to act like jerks. If you trade NG then you understand how it can change over night.
Agree mike, it is those bunch of people who are frustrated that they are not able to make money !
Dear Mr. Mike, Mr. Dines and Mr. Natty thanks a lot  for your kind support. My best wishes are always with you. Good Luck!
Satendra gap up Monday?
That level of 2.934 is gone long back .. not even seen once today .. Its around 2.870 now in fact .. Sir at least try to give once right prediction..
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