Natural Gas futures price movement seems to be going through a highly volatile pace, which makes it difficult to understand the next possible move. It is a right step to keep a watch on every single move in different time zones. I attempted to provide this information in my analysis, which received not too much attraction from the readers.
While providing an update of movement of natural gas futures price in different time zone in my constructed chart patterns, my aim has never been to prove the perfection of my self-developed methodologies. My only aim is to provide enough information to the people involved in trading natural gas in taking right decision at right time instead of feeling being trapped.
In my analysis, I mentioned that the possibilities of an up move still intact and a level near $3.156 is a good buying opportunity for a short term. And in the same manners, I tried to warn the bears about the formation of a Bear Trap in my last analysis; the result is visible in the charts, a good reversal in the same 4 Hr. Chart may be seen on April 4th , 2017 at 12:50:00.
I, therefore, decided to provide an update on current position of natural gas futures price on April 4th, 2017 at 12:50:00 about the movement of natural gas futures price in different time zones, in different charts, constructed by me while writing my last few analyses to help them in decision making. On analysis of the movement of natural gas futures price in different time zones, I find that the strength of the reversal on April 4th, 2017 is enough to prove the strength of current uptrend is still intact. But be careful before and after the announcement of impending inventory of natural gas on Thursday.
Have a Nice Trading Time.
Disclaimer: This analysis is purely based on the technical observations. I do not have any position in natural gas. One can create position in natural gas at his/her own risk.
