Despite the announcement of less withdrawal from stockpiles, Natural Gas bulls look too aggressive to thrash bears, if they try to stay below $2.688 till weekly closing this time. On analysis of the movements of Natural Gas futures, in different time frames, I find that the post-inventory moves look evident enough to show the thick presence of bulls at the current level; who look ready to negate every whisper about the winter season. I find an eruptive short-covering rally, above the level of $2.488 which may continue to push bears above the level of $2.789 till weekly closing.
Watch my video on Natural Gas below.
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