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Natural Gas: Possible Gap Opening & Trading Zones For Week Of July 16th

BySatendra Singh
Published 07/15/2017, 02:38 PM
Updated 07/09/2023, 06:31 AM

On analysis of the movement of Natural Gas futures price since the inventory announcement on July 13th, 2017, I conclude the possibility of a gap opening on the first trading day of the Week of July 16th, 2017. No doubt, opening level may be at the same level but the quantum of volatility will be too high due to thick presence of both the buyers on the lower levels and as well as the sellers at the levels above $3.045.

Only a good news flow in favour of Bulls will vanish the thickness of shorts which has been created during the last few days. If the high pressure resumes for more days during the forthcoming week, Bulls will try to enforce the Bears to run upward which will result in a short covering rally.

I conclude the probable trading zones after a gap opening on either side - A Gap Up or A Gap Down and finally after an opening on same level for the Week of July 16th, 2017.

Have a nice trading week.

Natural Gas 4 Hr Chart

Latest comments

Thank you Sir for your sharing.
Dear Mr. Nguyen thanks for your kind regard.
Yes thank you from me too, I'm one of your followers and you have been so precise in your Analysis, it's all based on fundamentals and supported by charts , thank you again .
Dear Mr. Bitar thanks a lot for your kind regards.
Very good. Thank you for your analysis
Dear Mr Breeze thanks a lot for your valuable comments. Good luck to all my followers. Have a nice trading Week.
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