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Natural Gas: Now Its Bulls' Turn

BySatendra Singh
Published 05/18/2021, 05:44 AM
Updated 07/09/2023, 06:31 AM

On analysis of the movements of natural gas futures in different time frames, I find that they have formed a bullish crossover in a monthly chart which ensures a long uptrend like 2018. In the weekly chart, futures are in the process of completing a 'Saucer' which starts from November 2018 and could complete in November 2021.

A gap-up opening on the first trading session of this week has confirmed the continuity of a bullish trend. Now, the 'psychological resistance'  that used to be at $3 has turned into a 'psychological support'. This seems to be evident enough for the advent of a new era in natural gas prices. 

Undoubtedly, profit-booking will be seen from time to time but the overall trend has turned bullish up to November 2021. I find that the natural gas bulls could form their new base above $3.110 before moving more upward. 

Natural Gas Futures Monthly Chart

Natural Gas Futures Weekly Chart

Natural Gas Futures Daily Chart


Disclaimer: The author of this analysis does not have any position in Natural Gas futures. Readers are advised to take any position at their own risk; as Natural Gas is one of the most liquid commodities of the world.

Latest comments

Thanks Singh.. I was waiting for your signal to short.  You speak, NG turn into dung.
I don't know why the people like you comment with a fake identity just to prove my analysis wrong.  NG has not turned into dung.  Your comment seems to be expressing your inferior mindset.
Your record speak volume Satendra, you have been analyzing NG for how long? I can count with 1 finger and one thumb how many time you got it right.  But I need all toes and fingers plus 20 others peoples to count the number of time you got it wrong.
Ha haha ha sabai is right
First time you were right
Your analysis total wrong...because of ths i lost my Money
Dear Mr. Kaidupali, I don't know at what level you entered in NG with a long or a short position. So you can not blame me for your mistake.  I did not ask you to trade NG.  Best of Luck!
but i got profit frm ur call i was on buying position..i got 6 mcx point. ..thnk u sir god bless u.
ur last article u said ..its looking 3.155 ..i got in my mind
What Sir, Total Opposite happening.
Dear Mr. Suresh thanks for your comments.  No one appreciated my advance announcement for a breakout in Natural Gas while it was at $2.9 on April 14th.  Nat Gas tested the target of $3.150 on April 17th.  Selling from $3.150 was obvious to attract profit booking.  Don't worry Nat Gas could take a steep reversal from $3.
...hope it does !!
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