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Natural Gas: Expected Opening Zone

Published 03/18/2017, 02:24 AM
Updated 07/09/2023, 06:31 AM

On analysis of the movement of natural gas futures price since the announcement of natural gas inventory on March 16th, 2017 in different time zones, I find that a quick reversal seems evident enough to show the presence of buyers and bears to cover their shorts due to retreating cold weather conditions caused by the presence of Nor'easter storm as I predicted in my analysis Natural Gas: Nor'easter May Cause A Strong Up Move. On analysis, I find the possibilities of a gap up opening on the first trading session of the week of March 19th, 2017 in the following zone, mentioned in 4 Hr. Chart.

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.

Natural Gas 4 Hr. Chart

Latest comments

Very good analysis!!
Thanks for your valuable comments.
3 was retracement and rest back down we go 2.6 on ng glut and lng glut
Hope for the Best. Have a nice trading time. Thanks for your views.
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