Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Natural Gas: Post-Pandemic Blast Still Pending

BySatendra Singh
Published 01/10/2021, 06:53 AM
Updated 07/09/2023, 06:31 AM


On analysis of the movements of Natural Gas Futures price since the first trading session of the year 2021, I find that the Natural Gas Futures have been continuously maintaining above the gap that it was created on the first trading session of the year up to the closing on January 8th, 2021. Technically, this looks evident enough for the appearance of one more gap-up opening on the first trading session of the upcoming week.

If the Natural Gas Futures start the upcoming week with a gap-up on the first trading session, the focus will shift towards immediate resistance at $2.762. But a sustainable move above the level of $2.795 will continue to extend bullish sentiments during the upcoming weeks as the cold blast could occur during the mid of this month or in the first half of February 2021.

But there is no doubt that the Natural Gas Futures could behave against all technical indicators due to a sudden change in the weather forecast. In such a changing scenario, if the Natural Gas Futures start the upcoming week with a gap-down opening, I find that the level of $2.512 could be immediate support and, the second support could be found at $2.388.

Natural Gas Futures 4 Hr. 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

Useless, as usual! With that disastrous record of analysis in the background, what he does for a living baffles me?
Now he is after both bears and bulls. Nobody is save Ha Ha Ha
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.