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.
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.
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Natural Gas: Breakout Awaits
Published 04/04/2021, 02:54 AM
Updated 07/09/2023, 06:31 AM
Natural Gas: Breakout Awaits
Latest comments
hahahaha deletes my comments, of course , dont want the new sets of tools to know he is never right
Wow!! Ive never seen someone so spot on. Ive read your comments for years now and think you should be bankrupt by now.
Good job.. c'mon bulls.. all aboard to the Singhking ship.
classic.
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.
I heard Walmart fired him as a greeter because he doesn't know who's leaving or coming.
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!!!
You should not underestimate him, he is a strong personnel indicator and he never fail to fail!
You are the best contrarian indicator NG has ever had the pleasure of witnessing. Short until $2.47, then I will reevaluate. 🎯👨🎓
Thamks to you , a lot of new traders are loosing a lot of money on a regular bases.
really i dont know why a big portal loke this has somebody like him
Sell with both hands
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