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Natural Gas: Buy Dips Above $2.888

By Satendra SinghCommoditiesNov 01, 2020 08:42AM ET
www.investing.com/analysis/natural-gas-buy-dips-above-2888-200543075
Natural Gas: Buy Dips Above $2.888
By Satendra Singh   |  Nov 01, 2020 08:42AM ET
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Natural Gas Futures look ready to repeat the moves of November 2018 during the upcoming week; as the strength maintained during the last week of October 2020 resembles the movements of Naural Gas futures during the last week of October 2018.  

Despite the bullish sentiment, natural gas futures could make a downward move due to growing volatility during this season. I find that the fresh long position could be created above the level of $2.888; as buying on dips seems to be a good strategy at this crucial juncture.

Natural Gas futures could test the level of $4.124 if they sustain above the level of $3.288 during the first two trading sessions of the upcoming week. 

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: Buy Dips Above $2.888
 

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Natural Gas: Buy Dips Above $2.888

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Comments (3)
Mike Heardy
Mike Heardy Nov 02, 2020 3:47PM ET
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Singh, I read this every time you post and I think "Who gives this more on a right to post his thoughts in a formal article".  This is just plain garbage, always.  Seriously man, go away.
Cherciu Mihai
Cherciu Mihai Nov 02, 2020 5:09AM ET
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How you can buy dips over 2.888? Lets say it will GO down, easy but shurly to 2.5....you remain stack with all your buy the dips!!! Worst so called trader ever!!!
Sab Baby
SabSabBaby Nov 01, 2020 6:35PM ET
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Would you just STOP jinxing NG?  Go back into hiding please!
 
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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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