On analysis of the movements of Natural Gas futures, in different time frames, since the announcement of weekly inventory on Thursday; I find that the Natural Gas Futures futures look ready for a bouncing move from the level of $2.288 up to immediate target at 2.688; before heading towards $3.333 during the month of November, 2019. No doubt that the Natural Gas futures may see growing volatility amid this upward trend, but a sustainable move above the level of $2.888 during the upcoming weeks will confirm the continuity of an uptrend. I find that despite the growing concerns for oversupply issue, Natural Gas futures may take a steep upward move on any positive development at Sino-U.S. tariff trade tussle during the mid of November, 2019; which will extend speedy outflow of U.S. Natural Gas to other countries of the world.
Watch my video on Natural Gas futures below.
https://youtu.be/6rdDtcdaV20
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