Since my last analysis https://www.investing.com/analysis/natural-gas-storm-hitting-carolinas-confirms-beginning-of-bullish-moves-200366371 , on analysis of the movements of Natural Gas futures in different time frames, I find the prevalence of ‘November Factor’ still in the air, as the Natural Gas futures could not sustain above the highest levels; despite a good gap-up opening on the first trading session. I find that the Natural Gas bears look hesitant enough to touch the level of $4.388 which encourages bulls to take command in their hand now, as the reversal from the level of $4.393 looks evident enough for an eruptive move above $4.667 on the first trading session. I find the formation of a bullish hammer in a weekly chart is yet to be completed during the current week with a supportive bullish move. No doubt that the quantum of volatility may remain on the higher scale, but the elongated prevalence of ‘November Factor’ may confirm the realization of a technical bounce from the current levels. Let’s have a look at the movements of Natural Gas futures in the following charts. 
Disclaimer: This analysis is only for educational purpose. Readers are requested to kindly consider their own view first, before taking any position.
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Natural Gas Bulls Look Too Confident; While Bears Feeling Hesitant
Published 12/10/2018, 09:33 AM
Updated 07/09/2023, 06:31 AM
Natural Gas Bulls Look Too Confident; While Bears Feeling Hesitant
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