On analysis of the movements of Natural Gas Futures, in different time frames, I find that the Natural Gas futures look ready for a steep upward move; amid growing volatility after the announcement of impending inventory. No doubt that the inventory may show a build-up this time too, but the upcoming cooling demand during the month of November makes the Natural Gas, a commodity which is currently available at the lowest price; especially in the oversold territory. I find that the Natural Gas, being the most liquid commodity of the world may take a steep upward move from the current levels up to the level of $3.142, amid growing volatile moves during the upcoming weeks.
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