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Natural Gas May Be Encouraged After Inventory-Generated Moves

Published 05/24/2019, 04:39 AM
Updated 07/09/2023, 06:31 AM


On analysis of the movements of Natural Gas futures, in diferent time frames since the announcement of Natural Gas inventory; I find the bulls look ready to bounce on May 24th, 2019. I find the current level of inventory build-up look doesn't look sufficient to meet the upcoming cooling demand in Summer. No doubt that a weekly closing above the level of $2.689 will encourage Natural Gas bulls to move further upward during the upcoming week.

Natural Gas Futures 1 Hr. Chart - Expected Trading Zones For May 24th, 2019

Natural Gas Futures 15 Minutes Chart - Expected Trading Zones For May 24th, 2019


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Latest comments

Where are all previous comments ?
your the best
This line had me rofl: I find the current level of inventory build-up look doesn't look sufficient to meet the upcoming cooling demand in Summer.
Bold and nice call!
Great analysis again, keep it up, sir!
Why don't u just shut up satendra jinxer of bulls??? Every time u come with sth it goes against u... Why don't u say its bearish??? For once!!!
It will be good if this site bans you from posting.
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