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Natural Gas: Good Gap-Up Opening Expected

By Satendra SinghCommoditiesFeb 03, 2019 12:51AM ET
www.investing.com/analysis/natural-gas-outlook-for-february-2019-200382961
Natural Gas: Good Gap-Up Opening Expected
By Satendra Singh   |  Feb 03, 2019 12:51AM ET
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Despite the arctic freeze conditions, Natural Gas futures moved downward during the previous week; which placed them in oversold territory at the current levels. On analysis of the movements of Natural Gas futures, in different time frames, I find that the opening levels on the first trading session of the week of February 3rd, 2019 will play quite a decisive role in defining the further directional moves of Natural Gas futures. No doubt, the current price level of Natural Gas futures reflects their position as much below the average price level of Natural Gas futures in the month of February. If we look back at the price levels in the month of February during the past few years average comes at the level of $2.957. Natural Gas futures should start the upcoming week of February 3rd, 2019 with a good gap-up opening since the current weather conditions are much colder than normal levels and will likely to remain even colder during the mid of this month.

Natural Gas Futures Daily Chart - Expected Trading Zones For The Month Of February, 2019
Natural Gas Futures Daily Chart - Expected Trading Zones For The Month Of February, 2019

Natural Gas Futures 4 Hr. Chart - Expected Trading Zones For The Month Of February, 2019
Natural Gas Futures 4 Hr. Chart - Expected Trading Zones For The Month Of February, 2019


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Natural Gas: Good Gap-Up Opening Expected
 

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Natural Gas: Good Gap-Up Opening Expected

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Comments (12)
Flo Rida
Flo Rida Feb 04, 2019 8:30AM ET
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This reminds memore of 2014/2015 winter. Fall from high had many folks exiting positions till April down to $1.42
Al Pas
Al Pas Feb 04, 2019 6:44AM ET
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Good gap down maybe
girraj jonliya
girraj jonliya Feb 03, 2019 8:49PM ET
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Yes gapdown .
Suzanne Vitek
Suzanne Vitek Feb 03, 2019 6:00PM ET
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Thought you said gap up
tew ben
tew ben Feb 03, 2019 6:00PM ET
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He is walking on his head that s why
Teddy Liao
Teddy Liao Feb 03, 2019 2:58PM ET
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Mr. Singh, You forgot to see Dollar index =). Your analysis will proven correct in the long run Sir. NG will skyrocket!
Daniel Zysko
Daniel Zysko Feb 03, 2019 10:21AM ET
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I can agree. Trend will by bullish this time.
Karim Majzoub
Karim Majzoub Feb 03, 2019 9:10AM ET
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GFS Models during the weekend are indeed colder for 5-10 and 10-15. Let's see next update in a couple hours... also expect that this Thursday report will show huge draws. Believe bears will stay away, at least early week.
Dark Man
Dark Man Feb 03, 2019 7:35AM ET
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The most likely a gap down opening. There are two reasons. 1. The mild weather. 2. The long positions forced closing.
Dark Man
Dark Man Feb 03, 2019 7:32AM ET
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Mr. Singh..... "current weather conditions are much colder than normal levels" What are you looking at??. Now the weather is mild and will be milder at the mid of februar.
Cesar Valenzuela
Cesar Valenzuela Feb 03, 2019 7:31AM ET
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Sure hope you're right, Mr. Singh
 
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