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Natural Gas: Decisive Trading Zone: Part III

Published 02/23/2017, 06:33 AM
Updated 07/09/2023, 06:31 AM


Natural gas seems ready for an uptrend. A beginning of small gap ups in even in 5 Minute Zone on February 23rd, 2017 seems to confirm this uptrend journey. I predicted a pull back in my last analysis “Natural Gas Decisive Trading Zone For 2017, Part II”, formation of a bullish hammer in the weekly chart confirms l the possibility of a strong reversal. Movement of natural gas futures price in the same weekly chart analysis on 23rd February, 2017 at 06:00:00 shows the position of all moving averages confirms further up moves.

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.

Latest comments

So what is your uptrend saying will it come to around 3.40 soon
Dear Mr. I.K. I find a definite move in natural gas very soon to trade at $3.4 because of two reasons:- . 1. Level of $2.247 is providing a good support during this uptrend, and. 2. I expect some climate change may occur tonight or most probably within two days in the north eastern parts united states which may result a good spurt in demand which result in a good up move. . Thanks for your kind comments. Would you like to share your full name and country please.
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