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Natural Gas: Attempt To Maintain Gap Will Define Bulls’ Next Move

Published 11/19/2018, 07:17 AM
Updated 07/09/2023, 06:31 AM

On analysis of the movements of Natural Gas futures since the advent of a gap-up opening of Natural Gas futures on the first trading session, I find that the Natural Gas bulls have been sincerely attempting their best to maintain the gap, despite a lot of selling pressure; their success will define their next step, if they maintain above the level of $4.444 for next one hour. No doubt that after crossing the level of $4.767, Natural Gas bulls may become too aggressive to test new heights. Let’s have a look at the current movements of Natural Gas futures in the following charts.

Natural Gas Futures Daily Chart - Expected Trading Zones

Natural Gas Futures 4 Hr. Futures Chart - Expected Trading Zones

Natural Gas Futures 1 Hr. Futures Chart - Expected Trading Zones

Natural Gas Futures 15 Minutes Futures Chart - Expected Trading Zones


Disclaimer: This analysis is only for educational purpose. Readers are requested to kindly consider their own view first, before taking any position.

Latest comments

its *******, this is bearish , oil falling is the only thing keeping it up , already enough in storage
I lack the technical knowledge of charting and trends, but I have found your analysis very informative. Hopefully I can translate this to profits. Thanks
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