Unexpected behavior of natural gas futures prices, even after the announcement of a major decrease in weekly inventory on December 1st creates suspicion when you don't see any sudden change in price movement. Even after two hours, sluggish movement in price level was enough to create doubts about the direction in which it is going to make its next move. Was this silent movement on an inventory announcement day a silence before a Tsunami?
Yes, it was. If natural gas futures prices starts moving with an unexpectedly slow speed, but in slightly upward direction inside the breakout zone, indicates a beginning of its new journey towards a new peak. Whenever natural gas prices start behaving unnaturally, it means something major.
While analyzing the 5 hour chart of natural gas futures, three outside bullish candles are clearly visible, indicating a bullish continuation. If the natural gas future prices successfully maintain their existence within this bullish zone with upward bias on December 2nd, 2016, especially in the upper part of his zone, in the range of 3.488 to 3.551, one fresh gap-up opening may be expected on December 5th.