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Natural Gas: Indecisive Bears Seem To Run Upward Before Weekly Closing

Published 04/28/2017, 12:11 PM
Updated 07/09/2023, 06:31 AM

On analysis the movement of Natural Gas futures price in different time zones on April 28th, 2017 at 05:11:32, in different chart patterns, I find the indecisive bears have no choice except to run upward. As I predicted in my last two analyses, I find that natural gas futures price is technically bound for a good bounce to breach its first psychological resistance at $3.333 before the weekly closing on April 28th, 2017.

Movement of natural gas futures price in the following two charts seems to confirm a good bounce from the current leve very shortly. Movement of Natural Gas futures price inside my 'Expected Propositional Zones' seems to confirm the possiblilities of a gap up opening on the first trading session for the week of May 1st, 2017.

Natural Gas 4 Hr Cart: Expected Propositional Trading Zones


Natural Gas Daily Chart: Expected Weekly Trading Zone

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