Natural Gas: Break Out Move Next?
Satendra Singh | Apr 27, 2020 05:58PM ET
On analysis of the movements of Natural Gas futures since opening on the first trading session of the last week of April, 2020, I find that finally, the Bears Trap has sprung yesterday after a long time.
I find that the gap-up opening of Natural Gas futures looks evident enough for a breakout move; which may likely continue up to $2.153 during this week. And, a sustainable move above this level may result in a short-covering rally up to $2.688.
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