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Natural Gas Looks Ready For A Breakout Move

BySatendra Singh
Published 05/20/2020, 06:07 AM
Updated 07/09/2023, 06:31 AM

I find that the current position of Natural Gas futures in a daily chart is well above the Ichimoku clouds; making it strong enough to move towards higher levels. There is a strong presence of bulls while the Natural Gas futures started this week, well above the inverted hammer, which was formed on last Friday. I find that now the Natural Gas futures may try to hit the immediate target at $2.178 before moving in a range-bound manner amid growing volatility during this week.

Finally, I conclude that a breakout up to the level of $2.888 will be the next target for the bulls that they could achieve during June 2020. I find that the reopening efforts will result in a sudden increase in domestic demand shortly.  
Natural Gas Futures Daily Chart

Natural Gas 4 Hour Chart

Natural Gas Futures 1 Hr. Chart

Natural Gas Futures 15 Minutes Chart

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

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Latest comments

Satendra is kiss of death! When he post ng crash!
Why do you jinx NG so bad? The shorts do amazing when you speak of anything bullish on Ng, it should be illegal, please think before you speak, although its too easy to win shorting when you speak of anything bullish
After a long time of analysis in different time frame He found that He should prepare writting a post  just to inform that he will never never never post in here. This time is his last time because he is changed to a rightious man with a trustful promess word of triple 888.
I’m woundering why such article is still posted here .
what do you expect for free, you will never get accurate and good information for free, just garbage that is feed to the lemmings and hopefully you learn to fade the dopes
c'mon guys, even a broken clock will be right twice a day...maybe this is one of the times...lets see what happens...
Not this clock.. it's a digital.. and it shows 88:88 when it's broken, just like his price prediction.
i am not sure what is up with you, but I don't trust your motives. No one could be be incompetent as you appear to be, so what is your angle?
I seen Mr Singh here after a long time.  He is one way comment always not known NG movements now is the May n NG bottomed but not fly like a Rocket.
Singh, you are Wang Big Power for sure.
Amazing..analytical skill like yours is out of this world.  Every time you predict it goes up and it crashes for no reasons.  And I mean every time.. no exception.
yes wi have to du the oposite of what you predict
wow Mr. Singh...
hot dog singh at it again, perfectly wrong all the time, back to you want mustard and relish
it's a miracle how you can be wrong all the time...
becoz of you i didn't close my long and see what happened.. Shame on you
Are u a newbie? This man is famous in NG
And now we're 4% down in red...
Why did you have to jinx it again?!?! Please dont ever comment again!!!!
hahahahhahah moth to a flame and down she will go
Great manipulator! Thank you!
Everybody should short sniph is saying up you go short
Oh my ! Are you sure it is above cloud on daily?Lol
I am long and this article scares me.
same :)
You are the ng curse. the kiss of death. delete this , you will make ng crash
Why??? Drop coming...
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