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Natural Gas: Cyclical Moves Could Continue To Repeat

BySatendra Singh
Published 03/28/2021, 02:08 AM
Updated 07/09/2023, 06:31 AM

Natural Gas futures look ready to repeat cyclical moves once more during April, May, and June 2021; they already showed during January, February, and March 2018. I find that the natural gas futures have formed the same formations recently that were visible in a monthly chart in 2018 before testing a new peak.

But this time, the current position of moving averages looks more in favor of bulls as natural gas futures are likely to hold above 9 Days Moving Average in a monthly chart. If natural gas futures find a breakout above $2.741 during the upcoming week, the advent of an uptrend could continue. On the other hand, the immediate support of $2.243 could provide an opportunity to go long.

Finally, I conclude that the overall outlook of natural gas futures could remain in favor of bulls.

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.

Latest comments

You like fancy charts.
Satendra Singh: Cyclical Moves of "always wrong analysis" Could Continue To Repeat  I think this should be the caption instead of : Natural Gas: Cyclical Moves Could Continue To Repeat Ha, ha...
Welcome to the Singhking ship of NG.
God damn it, was thinking about going long on NG.  Thank god you posted.  You've never failed to jinx NG.
He is the Captain of a sinking ship!
Was waiting for your article, we can short with confidce now lmao.
Now shorting with confidence
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