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Natural Gas: Futile Attempts Of Bears Are Encouraging More Bulls

By Satendra SinghCommoditiesMar 14, 2018 10:22AM ET
www.investing.com/analysis/natural-gas-futile-attempts-of-bears-are-encouraging-more-bulls-200297951
Natural Gas: Futile Attempts Of Bears Are Encouraging More Bulls
By Satendra Singh   |  Mar 14, 2018 10:22AM ET
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Since the submission of my last analysis, looking at the movement of Natural Gas futures on March 14th, 2018 at 10:05:00 in different chart patterns, I find that Natural Gas futures has been witnessing bouts of futile attempts by exhausted bears to sustain inside bulls’ territory which is evident enough to encourage bulls to start fireworks during the week ahead of announcement of impending inventory. Bears will be facing more blood bath in the zone from $2.711 - $2.767. I find the possibilities of eruption of a steep up move from the current levels to crossover the level of $2.767.

Natural Gas Futures Price 4 Hr. Chart - Territorial Zones
Natural Gas Futures Price 4 Hr. Chart - Territorial Zones

Natural Gas Futures Price Daily Chart - Fluctuation Zones
Natural Gas Futures Price Daily Chart - Fluctuation Zones


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Natural Gas: Futile Attempts Of Bears Are Encouraging More Bulls
 
Natural Gas: Futile Attempts Of Bears Are Encouraging More Bulls

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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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