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Natural Gas: Outlook For 12/07/2018

By Satendra SinghCommoditiesDec 06, 2018 09:25AM ET
www.investing.com/analysis/natural-gas-outlook-for-12072018-200365572
Natural Gas: Outlook For 12/07/2018
By Satendra Singh   |  Dec 06, 2018 09:25AM ET
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Since my last analysis on the movement of Natural Gas futures, I find the Natural Gas is still sustaining inside the "Bullish Consolidation Zone,” which looks too supportive for the bulls. No doubt that the Natural Gas futures are maintaining at the lower edge of this zone before the announcement of Crude inventory, which may enhance volatility in the energy sector. Still I think the bulls will try to keep Natural Gas above $4.288 to $4.388 amid this volatile session on December 6, 2018. Despite the growing volatility, I think Natural Gas may remain closer to the uptrend line till the inventory announcement on December 7. Let’s have a look at the expected trading zones for December 7th, 2018 in the following chart.

4-Hour Natural Gas
4-Hour Natural Gas

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

Natural Gas: Outlook For 12/07/2018
 

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Natural Gas: Outlook For 12/07/2018

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Disclaimer: This analysis is purely based on the technical observations. I do not have any position in Natural Gas. One can create position in Natural Gas at his/her own risk.
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