Breaking News
0

NG Looks Ready For Breakout Amid Warm Weather And Cooling Demand

By Satendra SinghCommoditiesJun 13, 2018 10:44AM ET
www.investing.com/analysis/ng-looks-ready-for-breakout-amid-warm-weather-and-cooling-demand-200324601
NG Looks Ready For Breakout Amid Warm Weather And Cooling Demand
By Satendra Singh   |  Jun 13, 2018 10:44AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Since submission of my last analysis, natural gas futures look too steady to break the immediate resistance at $3 before the inventory on Thursday amid cooling demand during coming summer season.

Natural gas looks ready for a technical bounce from the current level because natural gas bulls look eager to break the first resistance at $3.033 before the inventory announcement, which is expected to be in favor of bulls. But the final outcome of the Fed’s decision today will enhance the volatility till the announcement of impending inventory on Thursday. Natural gas bulls look too strong to enforce bears. Bears’ inclination to cover their shorts due to growing demand will result in short-covering rallies above the level of $3.167.

Daily Natural Gas
Daily Natural Gas

4-Hour Natural Gas
4-Hour Natural Gas

1-Hour Natural Gas
1-Hour Natural Gas

Disclosure

1. This content is for information and educational purposes only and should not be considered as an investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital be involved which you are prepared to lose.

2. Remember, YOU push the buy button and the sell button. Investors are always reminded that before making any investment, you should do your own proper due diligence on any name directly or indirectly mentioned in this article. Investors should also consider seeking advice from an investment and/or tax professional before making any investment decisions. Any material in this article should be considered general information, and not relied on as a formal investment recommendation.

NG Looks Ready For Breakout Amid Warm Weather And Cooling Demand
 

Related Articles

NG Looks Ready For Breakout Amid Warm Weather And Cooling Demand

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments
Satendra Singh
Satendra Singh Jun 13, 2018 11:04AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Author's response
Dear readers you are invited to understand the above charts in detail, kindly look at my video https://youtu.be/bFfERrPIicw
Reply
0 1
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
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.
Continue with Google
or
Sign up with Email