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Natural Gas: What Makes the Reversal a Silent Move?

By Satendra SinghCommoditiesJan 24, 2023 08:54AM ET
www.investing.com/analysis/natural-gas-what-makes-the-reversal-a-silent-move-200634656
Natural Gas: What Makes the Reversal a Silent Move?
By Satendra Singh   |  Jan 24, 2023 08:54AM ET
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Movements by the natural gas futures since Dec. 13, 2022 indicate a steep fall from $6.871, amid messy weather announcements, remained noisy as the natural gas prices hit a new low below $3 this Monday.

Undoubtedly, this steep fall attracted big bulls to come into the fray as the natural gas futures found an equally strong reversal - I mentioned this expected natural gas price action in my last piece.

Natural Gas Futures Daily Chart
Natural Gas Futures Daily Chart


Technically speaking, in a daily chart, the natural gas futures have formed a bullish hammer this Monday, which is about to complete the next confirmation candle in today's trading session.

On Tuesday, the natural gas futures are trying to sustain above the 9 DMA, which could provide more strength to bullish momentum till the weather turns cold on Jan. 28.

Undoubtedly, the initial signs in first two trading sessions of this week favor bulls to move against all odds if they sustain above the immediate resistance at $3.389.

On Monday, the natural gas bulls remained aggressive enough to capture the immediate target at $3.258 despite heavy selling pressure during the day.

On Tuesday, traders are still in dilemma whether to go long or to remain on the sidelines as they are still full of skepticism after the recent selling in natural gas but gaining confidence after yesterday’s reversal.

Natural Gas Futures 15-Minute Chart
Natural Gas Futures 15-Minute Chart


In a 15-Minute chart, the natural gas futures holding above the 200 DMA, at $3.188, ensuring a short-term breakout above $3.520 soon.

Undoubtedly, if the natural gas futures find a breakout above this turning point, wild price swings could surge from Jan. 28 onwards as the bulls could turn aggressive once the natural gas futures hold above this level before this week's closing.

In conclusion, the natural gas futures could continue Monday's move if the confirmation candle completes its formation on Tuesday.

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 in the world.

Natural Gas: What Makes the Reversal a Silent Move?
 

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Natural Gas: What Makes the Reversal a Silent Move?

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Comments (38)
Zaheer Khalfan
Zaheer Khalfan Jan 26, 2023 8:47PM ET
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Lol! This guy is being humiated day in day iut and he still doesnt want to stop writing. He has no "izzat" whatsover..
Petet Larkar
Petet Larkar 15 hours ago
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gndu nat gas is difficult to predict.
Murabaa Genral
Murabaa Genral Jan 26, 2023 11:20AM ET
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Shameless
Abdul Khaliq
Abdul Khaliq Jan 26, 2023 2:20AM ET
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He is donkey Because of him how many ppl have lost money
Sheevendra Pandey
Sheevendra Pandey Jan 26, 2023 2:20AM ET
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No Monkey
CA Naveen Reddy pathuri
CA Naveen Reddy pathuri Jan 26, 2023 2:20AM ET
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true
Petet Larkar
Petet Larkar 15 hours ago
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Allah hu akbar.. may natty humiliate u bears
Sheevendra Pandey
Sheevendra Pandey Jan 26, 2023 12:22AM ET
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Don't buy untill he is in doubt.
Sheevendra Pandey
Sheevendra Pandey Jan 26, 2023 12:22AM ET
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He is paid to provide false hope to investors on this platform, study crowd phychology and ensure there are always some buyer in market. If there is no buyer than how shortwrs will get benwfitted.
Nick Basoukos
Nick Basoukos Jan 25, 2023 5:17PM ET
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what does he have to say now.... 🤣🤣🤣
bE Right
BeRight Jan 25, 2023 5:17PM ET
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Shame-proof!!! I wonder whosoever takes any advice from him? His real record speaks for itself.
Jim Wang
Jim Wang Jan 25, 2023 4:56PM ET
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No Bull shit, Bear shit please!
Zaheer Khalfan
Zaheer Khalfan Jan 25, 2023 3:32PM ET
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Lol! Very shameless creature. Misleading the public.
Trading Market
Trading Market Jan 25, 2023 3:06PM ET
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You will be right one day, but not today
Jose Joseph
Jose Joseph Jan 25, 2023 1:36PM ET
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Why is this man allowed to write column her
Murabaa Genral
Murabaa Genral Jan 25, 2023 1:36PM ET
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He is big stupid I lost a lot
 
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