Natural futures price seems ready to bounce during the Week of September 24th, 2017. Gap up opening on the first trading session of the week is evident enough to show the thick presence of the Bulls above the price level of $3. Active hurricane season in the Atlantic seems to be quite supportive for Natural Gas bulls to move ahead with full strength amid exhausted bears. Bulls seem hardly to care about burns of the Bears while move with full strength.
On analysis of the movement of Natural Gas futures price on September 26th, 2017 at 01:15:00 in the same chart patterns which I noted in my last analysis, I present the current position of Natural Gas futures price and conclude that that the continuous sustenance of Natural Gas futures price above $3.047 will definitely be a turning point for creation of an explosive up move amid growing volatility.
No doubt, natural gas futures price faces tough resistance in the price zone from $3.033 to 3.114, but a gap up opening on the first trading session, followed by continuous sustenance of Natural Gas futures price above the Gap up accompanied and finally a narrow ranged movement are some technical indications of a forthcoming bounce very soon from the current level, which may be powerful enough like hurricanes.
Have a nice trading time. Good luck.
Disclosure: This content is for information and educational purposes only and should not be considered investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital you are prepared to lose.
