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Natural Gas Gap Up Opening Seems To Attract More Bulls

Published 09/18/2017, 06:27 AM
Updated 07/09/2023, 06:31 AM

Natural Gas futures price seems to be well according to the predicted Gap opening on the first trading session of the Week of September 17th, 2017 in a 15 Minute Chart in my last analysis. I present the current position of Natural Gas futures price on September 18th, 2017 at 04:00:00 in the same 15 Minute Chart pattern.

On analysis of the movement of Natural Gas futures price in different time zones, I find that the current position of Natural Gas futures price seems to be evident enough to attract more Bulls along with the possibility of an erruption of a "Shorts Covering Rally".

No doubt, volatility may grow more when the natural gas futures price will meet the recent upper resistance level for breaking it.

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 15 Minute Chart

Natural Gas 4 Hr Chart

Latest comments

Double Top at 3.10. 91 Bcf injection last week and Shoulder season upon us. Add Hurricane demand destruction. Too soon to buy.
wrong
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