Natural Gas: Bullish Outlook
Satendra Singh | Mar 05, 2021 08:27AM ET
On analysis of the movements of the natural gas futures, in different time frames, I find that the formation of a bullish crossover in 1-hour time chart could continue the current rally till this weekly closing. I find that the natural gas bulls look too confident to go long from $2.720; with their immediate target at $2.889.
I find that a weekly closing above $2.889 could result in a gap-up opening above $3 on the first trading session of the next week. There is no doubt that the natural gas bulls could become more aggressive shortly.
Disclaimer: The author of this analysis does not have any position in Natural Gas futures. Readers are advised to take any position at their own risk; as Natural Gas is one of the most liquid commodities of the world.
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