Since my last analysis I’ve found that if the Natural Gas Futures start the week with a gap up opening on the first trading session of the Week, this will confirm the beginning of an uptrend amid growing expectations for cooling demand during the coming summer season.
No doubt that a sustainable move above $3 will raise the consolidation pitch of Natural Gas futures up to the levels of $3.267 because on the lower side the level from $2.867 to $2.927 is providing strong support. Now, Natural Gas futures look eager to come out of the consolidation phase soon.
To understand the following charts look here.
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