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Natural Gas Looks Ready For A Technical Bounce

Published 12/13/2018, 03:49 AM
Updated 07/09/2023, 06:31 AM


Since my last analysis, on analysis of the movements of Natural Gas futures, in different time frames; I find the Natural Gas futures look ready for a technical bounce before the announcement of impending inventory of Natural Gas. No doubt that the Natural Gas futures may test the level of $3.888 on the lower side, before testing the higher levels above $4.685 amid growing volatility, but the expected announcement of more withdrawal looks too supportive for Natural Gas bulls to test the level of $5 before the weekly closing this time. Let’s have a look at the movements of Natural Gas futures in the following charts.

Natural Gas Futures Daily Chart - Expected Trading Zones

Natural Gas Futures 4 Hr. Chart - Expected Trading Zones

Natural Gas Futures 1 Hr. Chart - Expected Trading Zones

Natural Gas Futures 15 Minutes Chart - Expected Trading Zones

Disclaimer: This analysis is only for educational purpose. Readers are requested to kindly consider their own view first, before taking any position.

Latest comments

where u see ngas in next week? Mr Singh
Nice analysis! Thank you, Satendra
Dear Petros thanks a lot for your supportive comments, especially at the time, when all Analysts face filthy comments from some  fake identities here; despite working hard before writing an analysis.
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