Movement of natural gas futures price has been exactly according to the predicted levels in a 15 Minutes Chart since the inventory announcement day as I predicted in my analysis “Natural Gas: Expected Trading Zone For March 9th-10th 2017.” I explained the accuracy of the predicted move in my analysis “Natural Gas: Expected Trading Zone For March 9th-10th 2017- Part II”. On analysis of the moves during this period, I find a possible move with a gap up opening on March 13th, 2017 above $3.147.
Though, it is difficult to predict a move of natural gas futures price, specially on the first trading session of the week, but I find that most of the technical indicators seem to be more supportive in different time zones for bouncing moves during the days ahead.
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.
