On analysis of the movements of the natural gas futures, in different time frames, I find that the formation of a bullish crossover in 1-hour time chart could continue the current rally till this weekly closing. I find that the natural gas bulls look too confident to go long from $2.720; with their immediate target at $2.889.
I find that a weekly closing above $2.889 could result in a gap-up opening above $3 on the first trading session of the next week. There is no doubt that the natural gas bulls could become more aggressive shortly.
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: Bullish Outlook
Published 03/05/2021, 08:27 AM
Updated 07/09/2023, 06:31 AM
Natural Gas: Bullish Outlook
Latest comments
this didn't age well
Hi Setendra,. What changed? Your target seems to shrink. Your aim was 4 for few weeks then 3.2xx and now 2.88. What has changed? Your perception or the market. 2.88, a closer target, looks more plausible.
okay it is not a new posts.
okay. it is not a new post.
This creature Author has no self-esteem. No taunts or fact-checking etc bothers him.
I wish, I had thick skin like him!
Promise i going to short
Either you are working for MM or they see your post and act opposite
Your percentage of being wrong is beyond any possible natural probability
He has been wrong all the time except for this one time that he admitted that we was wrong and turned out to be right.
Looking forward to your next bull report. You are the master of your own domain... always help me making money by doing the opposite of what you say.
Last time when did you speak truth??
Bought it as what you said. Waiting for 3
bought @ your SL
SL should follow???
holding long good call
We can short with confidence. U the men , thanks
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