Natural Gas futures price started to move in an uptrend since the appearance of my last analysis “Natural Gas: Last Gap Seems To Be Filled First” and successfully filled the gap, which appeared on February 26th, 2017, within 24 hours. The movement of natural gas futures price was exactly as I predicted on February 28th to March 1st 2017, and emphasised keeping watch on the movement for next two days in an Hourly chart. On analysis of natural gas futures price, movement trend can well be analyzed in the same Expected Trading Zone as follows in 5 Hr. and 1 Hr. Charts on March 2nd,2017 at 07:00:00.
The announcement of impending inventory of natural gas on Thursday at10:30:00, just three hours from now, may create volatile moves on both sides. On analysis, the movement of natural gas futures during the last two trading sessions, I find an appearance of a good decisive move in natural gas futures price on February 3rd, 2017 at 04:00:00.
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.