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Natural Gas Inventory Confirms Uptrend On Volatility

Published 06/07/2018, 11:11 AM
Updated 07/09/2023, 06:31 AM

Since submission of my last analysis of natural gas, I think that following NG's inventory announcement, the commodity will continue its uptrend voyage due to growing demand in the coming summer season.

Daily Natural Gas

Daily Natural Gas

1-Hour Natural Gas

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Latest comments

Sir, with all respect, it was a bearish report.  NG went up only because there was a pipeline blast early this morning and it took out 1.3BCF pipeline supply.  Except the pipeline blast, nothing bullish about NG.  You can manipulate your chart, but nothing to suggest NG is going up.  I can present you with a chart with bearish bias.  It is just that how you tweak your chart.  However, thank you for your effort.
Dear Mr. Scorpion I know that you are talking about Columbia Gas Transmission pipe that exploded early Thursday in Moundsville, West Virginia. But don't say I am manipulating chart. My charts represent unbiased inclination, specially on the basis of study of currently prevailing news flow which impact the movement  of Natural Gas futures. I predict the possible directional move after deep study of news flow before chart construction. Now, you can  see the current position of Natural Gas futures current position after 22 minutes. No doubt, everyone has his own outlook. Anyway, thanks a lot for your valuable comments. Good Luck!
 Thank you sir.  Thank you for clarifying that you have an unbiased view.  Hope it is true.  I didn't mean 'manipulation' in a literal way.  You are probably right in your assessment. Still there is always a way to get your desired 'direction' on a chart.  I feel it has more pressure to go down than up. It doesn't really matter which way it goes.  Traders do arbitrage and they are ready for either direction.
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