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Natural Gas: Break Out Move Next?

BySatendra Singh
Published 04/27/2020, 05:58 PM
Updated 07/09/2023, 06:31 AM
NG
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On analysis of the movements of Natural Gas futures since opening on the first trading session of the last week of April, 2020, I find that finally, the Bears Trap has sprung yesterday after a long time.

I find that the gap-up opening of Natural Gas futures looks evident enough for a breakout move; which may likely continue up to $2.153 during this week. And, a sustainable move above this level may result in a short-covering rally up to $2.688.


Natural Gas Futures Daily Chart

Natural Gas Futures 4 Hr. Chart

Natural Gas Futures 1 Hr. Chart

Natural Gas Futures 15 Minutes Chart

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1. This content is for information and educational purposes only and should not be considered as an investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital be involved which you are prepared to lose.

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Latest comments

2.100 is likely a hit price on its bullish energy with likelyhood of bear from there to up to 0.980 if not less
Why?
I am subscribed to your posts purely so that i can look out for which direction not to trade. If I dont see a short setup when you post, i dont take a trade. At least I know that long is WRONG after a post like this....
Every body sell now since Dr analysis gave his view
You dont rely on your promise. Why do you post your garbage analysis
welcome back doctor! do ppl still get whipped over there?
Hhhh coming back , we missed your non sense analysis.
lol
I don't think you even know the basic of trading , for instant you are talking about short covering tally , all these visits between 1.5o to 1.90 were short covering rally , right now these shorts are starting to take long positions , if follow COT weekly numbers you will the understand , 2.68 and crude trading at $12 , go to basic , don't think and follow historical patterns , you might learn something.
The cooler has spoken!
I thought you were never gonna write about NG again
What is target natural gas
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