Natural Gas: Attempt To Maintain Gap Will Define Bulls’ Next Move
Satendra Singh | Nov 19, 2018 07:17AM ET
On analysis of the movements of Natural Gas futures since the advent of a gap-up opening of Natural Gas futures on the first trading session, I find that the Natural Gas bulls have been sincerely attempting their best to maintain the gap, despite a lot of selling pressure; their success will define their next step, if they maintain above the level of $4.444 for next one hour. No doubt that after crossing the level of $4.767, Natural Gas bulls may become too aggressive to test new heights. Let’s have a look at the current movements of Natural Gas futures in the following charts.
Disclaimer: This analysis is only for educational purpose. Readers are requested to kindly consider their own view first, before taking any position.
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