Natural Gas Bears Look Ready To Infiltrate Inside Bulls' Territory
Satendra Singh | Apr 23, 2018 07:39AM ET
Since submission of my last analysis of Natural Gas Futures on April 23rd, 2018 at 07:25:00 in different time frames, I find that the formation of exhaustive hammers in a daily chart over the last week creates suspicion about the stamina of bulls’ strength. Movement of natural gas futures in a narrow range, and failed attempts to sustain above $2.767, indicate the thick presence of bears at the current level. I find that an exhaustive hammer has started to reflect one more bear strike deep inside the bulls’ territory soon.
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