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Natural Gas: Breakout Awaits

By Satendra SinghCommoditiesApr 04, 2021 02:54AM ET
www.investing.com/analysis/natural-gas-breakout-awaits-200571097
Natural Gas: Breakout Awaits
By Satendra Singh   |  Apr 04, 2021 02:54AM ET
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I find that the weekly closing of natural gas futures at $2.693 looks evident enough for a fresh breakout despite the first injection of this season with the emergence of a bullish candle during the week. An analysis of the Weekly formations in the last three weeks shows that a breakout could appear in natural gas futures this week.

I find that a bullish crossover formation in the daily chart confirms that natural gas futures could start the week with a gap-up opening and make a sustainable move of $2.744; this will ensure the continuity of an uptrend in natural gas futures. There is no doubt that weekly opening levels could be quite decisive for the further moves of natural gas because a sustainable move below $2.563 could push the natural gas futures into negative territory.

Finally, I conclude that natural gas futures seems to be repeating cyclical moves they showed during 2018 that resulted in the formation of a peak during that year.

Natural Gas Futures Monthly Chart
Natural Gas Futures Monthly Chart


Natural Gas Futures Weekly Chart
Natural Gas Futures Weekly Chart


Natural Gas Futures Daily Chart
Natural Gas Futures Daily Chart


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: Breakout Awaits
 

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Natural Gas: Breakout Awaits

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Comments (9)
jack hammer
jack hammer Apr 09, 2021 9:09AM ET
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hahahaha deletes my comments, of course , dont want the new sets of tools to know he is never right
Mike Meyer
Mike Meyer Apr 06, 2021 11:10PM ET
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Wow!! Ive never seen someone so spot on. Ive read your comments for years now and think you should be bankrupt by now.
Sabai Sabai สบายๆ
Sabai Sabai สบายๆ Apr 05, 2021 1:40PM ET
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Good job.. c'mon bulls.. all aboard to the Singhking ship.
Rohit Narvekar
Rohit Narvekar Apr 05, 2021 12:55PM ET
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classic.
Mario Filipe
Mario Filipe Apr 05, 2021 12:02PM ET
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How do you feel today , about your ideas? Do you put your own money on those ideas? I can imagine the number of new traders that putted money today , on your predictions . Stop. Just stop.
Sabai Sabai สบายๆ
Sabai Sabai สบายๆ Apr 05, 2021 12:02PM ET
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I heard Walmart fired him as a greeter because he doesn't know who's leaving or coming.
R k Mad
BeRight Apr 04, 2021 6:54PM ET
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Seriously, does anybody pays attention to this guy?  Any confidence in those crayon-drawn charts? Please show me a single analysis where this guy has been ever right?  Why Guinness book of world records has not nominated him for being always the wrong analyst? These so-called analyses are not funny anymore!!!
Sir Lancelot
Sir Lancelot Apr 04, 2021 6:54PM ET
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You should not underestimate him, he is a strong personnel indicator and he never fail to fail!
Rod Zilla
Rod Zilla Apr 04, 2021 5:24PM ET
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You are the best contrarian indicator NG has ever had the pleasure of witnessing. Short until $2.47, then I will reevaluate. 🎯👨‍🎓
Mario Filipe
Mario Filipe Apr 04, 2021 3:56PM ET
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Thamks to you , a lot of new traders are loosing a lot of money on a regular bases.
Antonio Flores
MoneyMonster Apr 04, 2021 3:56PM ET
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really i dont know why a big portal loke this has somebody like him
Naif Basaar
Naif Basaar Apr 04, 2021 10:31AM ET
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Sell with both hands
 
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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.
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