Natural Gas Levels To Watch
Satendra Singh | Oct 06, 2017 10:18AM ET
Natural Gas futures price seems to be moving well inside the “Bear Trapping Zone” as I noted in my analysis Natural Gas: Bears Trapping Zone
If I am right, the impending inventory will provide enough strength to bulls.
On analysis of the movement of natural gas futures since then in the same 4-hr. chart, I find the thick presence of bulls in the trading zone from $2.874 to $2.890, which provide a strong platform for bulls to take a rest.
I conclude that the weekly closing on October 6, 2017 above $2.934 will enhance the possibilities of a gap-up opening on the first trading session of the Week of October 8, 2017. If I am right, a breakout point will be the next target for bulls before October 10, 2017.
Have a Nice Trading Time. Good Luck!
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