Mother Nature Whips Natural Gas Amid Harvey And Irma
Satendra Singh | Sep 05, 2017 11:46AM ET
Natural gas futures price seems to be inclined with fresh announcement of Hurricane Irma at the time when Bulls and as well as the Bears were fighting at a Decisive Zone for theire territorial possession and further extension of their current territories.
Massive destruction caused by Hurricane Harvey still remains under calculation of exact quantum of loss to human lives and economic destruction while another Hurricane of category 5 Irma took its silent steps towards the Gulf of Mexico.
Although, the final directional move of the Hurricane Irma still remains under suspicion. If it does not stay on its current path, nature may spare many more human lives and much more destruction, and then I would prefer to be with Natural Gas Bears. I hope and pray for the complete directional change where the humanity may remain at the safest point. I would prefer to be more intended to track the directional move of the Hurricane Irma instead of following volatile moves of Natural Gas futures price.
Having a look at my different moving zones on September 5th, 2017 at 11:20:00, I conclude that the during this panic, be patient with controlled anxiety while find an unexpected move in Natural Gas futures price.
Secondly, The natural-gas price movement on September 5th went through various paths, which I noted in my last few posts. I conclude that natural gas seems ready for an upper zone, which will be full of volatility. The natural-gas price movement on September 5 at 11:20:00 went through various paths, which I noted in my last few posts.
I conclude that natural gas seems ready for an upper zone, which will be full of volatility as soon as the Mother Nature helps the humanity by diverting the path of Hurricane Irma. Only then, I would like to prefer to be with all technically calculated moves.
Have a nice trading time. Good Luck.
Disclosure: This content is for information and educational purposes only and should not be considered investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital you are prepared to lose.
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