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Natural Gas Bulls Look Ready To Test Next Resistance

Published 11/15/2018, 01:27 AM
Updated 07/09/2023, 06:31 AM

Since my last analysis, on analysis of the movements of Natural Gas futures in different time frames, I find the Natural Gas bulls look ready to test next resistance levels at $4.968 on November 15th, 2018 at 06:00:00. Natural Gas impending inventory may be too decisive to enhance the quantum of the directional move. No doubt that the directional equation may take a sudden change due to the prevalence of ‘November Factor’, but Natural Gas bulls’ behavior is still reflecting the announcement of impending inventory in their favour. Extra cautious approach is the need of the hour due to growing indecisiveness at every step. Let’s have a look at the movement of Natural Gas futures in the following charts.
Natural Gas Futures 15 Minutes Chart

Natural Gas Futures 1 Hr. Chart

Natural Gas Futures 4 Hr. Chart

Natural Gas Futures 4 Hr. Chart

Disclaimer: This analysis is only for educational purpose. Readers are requested to kindly consider their own view first, before taking any position.

Latest comments

But Open interest decreasing, is it goes to that level, little bit doubt to achieve 4.96
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