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Natural Gas Bears Could Turn Hostile Above $7

By Satendra SinghCommoditiesNov 22, 2022 12:43PM ET
www.investing.com/analysis/natural-gas-bears-could-turn-hostile-above-7-200632674
Natural Gas Bears Could Turn Hostile Above $7
By Satendra Singh   |  Nov 22, 2022 12:43PM ET
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After a reversal from the weekly low at $6.046 in the daily chart, it looks like natural gas bulls are trying to test the 200 DMA once again.

No doubt bears could turn hostile above the next psychological resistance at $7 as the natural gas futures enters this 'trapping zone' once again.

Natural Gas Futures Daily Chart - Trapping Zone
Natural Gas Futures Daily Chart - Trapping Zone


I find that bulls could be easily trapped above $6.065, especially if they try to cross $7.048 in today—as the wobbly Wednesday will followed by the Thanksgiving holiday, and Friday will have an early closing session.

Despite growing strength, wild price swings show a nosedive move soon as the bulls are currently walking the tightrope above $6.6 and a fall could bring prices to $5.6 before this weekly close.

Bears could trigger shorts at $7.048 with a Stop Loss at $7.284 (3.35%) to hit the target at $5.876 (16.63%) profit.

Natural Gas Futures Daily Chart - Expected Trading Zone
Natural Gas Futures Daily Chart - Expected Trading Zone


No doubt risk is there; but the risk-reward ratio looks impressive at 1:5.

The choice is yours. However, this is my view on the basis of the observations of the movements of the Natural Gas Futures and the news inflow during this month.

Disclaimer: The author of this analysis does not have any position in Natural Gas futures. Readers are advised to take any position at their own risk; as Natural Gas is one of the most liquid commodities of the world.

Natural Gas Bears Could Turn Hostile Above $7
 

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Natural Gas Bears Could Turn Hostile Above $7

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Comments (15)
Phong Nguyen
Phong Nguyen Nov 23, 2022 1:48PM ET
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Just DO totally OPPOSITE whatever this guy said you will become rich!!!  Guarantee.
Phong Nguyen
Phong Nguyen Nov 23, 2022 1:46PM ET
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Just DO totally opposite whatever this guy said, you will become millionaire real soon !!!
Phong Nguyen
Phong Nguyen Nov 23, 2022 1:46PM ET
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Just DO totally opposite whatever this guy said, you will become millionaire real soon !!!
Phong Nguyen
Phong Nguyen Nov 23, 2022 1:46PM ET
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Just DO totally opposite whatever this guy said, you will become millionaire real soon !!!
CA Naveen Reddy pathuri
CA Naveen Reddy pathuri Nov 23, 2022 9:38AM ET
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grt reversal analysis
Jay Means
Jay Means Nov 23, 2022 8:30AM ET
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👍🤙👌💪
Rahul Shetty
Rahul Shetty Nov 23, 2022 4:17AM ET
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My trade was bullish i turned my trade in to bearish as per your analysis and I hold my trade from 552 to 641 but there is no strong hopes for bearish
sam ra
sam ra Nov 23, 2022 2:53AM ET
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SMART ANALYSIS ALWAYS GO LONG AFTER SHORT BUT HE ALWAYS DID WRONG. EXPIRY IS NEAR IT WILL GO HIGHER HIGHER ON TONIGHT.  YOUR SL WILL HIT
Ramesh Muthaiya
Ramesh Muthaiya Nov 23, 2022 1:21AM ET
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The more you say bears Mr.Singh the more upside it went :)
farhad p
farhad p Nov 22, 2022 2:28PM ET
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it's already hit everyone stop loss if executed as per his suggestion, noticed always wrong analysis
Dhana sekaran
Dhana sekaran Nov 22, 2022 2:28PM ET
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Dhana sekaran
Dhana sekaran Nov 22, 2022 2:28PM ET
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today going up
Dhana sekaran
Dhana sekaran Nov 22, 2022 2:28PM ET
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sir u analysis
Jay Means
Jay Means Nov 22, 2022 2:28PM ET
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Farhad farthead shut up
 
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