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Natural Gas: Gap Up Opening An Evidence Of Bullish Moves Ahead

Published 09/25/2017, 12:54 AM
Updated 07/09/2023, 06:31 AM

Natural futures price seems ready to bounce during the Week of September 24th, 2017. Gap up opening on the first trading session of the week is evident enough to show the thick presence of the Bulls above the price level of $3.

On analysis of the movement of Natural Gas futures price on September 24th, 2017 at 22:15:00 in the same chart patterns which I noted in my last analysis, I present the current position of Natural Gas futures price and conclude that that the continuous sustenance of Natural Gas futures price above $3.047 will definitely be a turning point for creation of an explosive up move amid growing volatility.

No doubt, natural gas futures price faces tough resistance in the price zone from $3.033 to 3.114, but a gap up opening on the first trading session seems powerful enough to thrash this resistive zone in a single stretch in a daily chart.

Have A nice trading time. Good luck.

Disclosure: This content is for information and educational purposes only and should not be considered investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital you are prepared to lose.

Natural Gas Futures Price 1 Hr Chart

Natural Gas Futures Price Daily Chart

Latest comments

Seriously guy, don't publish analysis if you can't differenciate roll over and gap up....
So bullish! Going down hahaha
When this guy write that bullish, you must SELL as soon as possible!
"Nice again"... Gap up... This is roll over, not gap up. Bull... YES, I SEE! -0,40%! so bullishhh
actually there wasn't a gap up opening, it is just this website that shows november contract
How many factor that affect gold price?. like US is more powerful that North korea so gold price is going down. why?. on sunday , Germans are going to be heading to the polls for a federal election, at which Angela Markel is going to have a chance to secure her position as chanceller for a historic fourth term. So gold price is going down. Why?
This is NG. Thanks for your contribution Mr. Singh
Dear Mr. Hich thanks a lot for your valuable comments. My best wishes are always with you. Good Luck!
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