NG Bulls Look Ready For Breakout After Outcome Of Trump’s Final Move

 | May 09, 2018 07:39AM ET

Since the final outcome of Trump Trade War - Part II flashed on the screen “President Donald Trump pulled the United States out of an international nuclear deal with Iran”, I find that the Natural Gas futures look ready for a breakout from the current levels after consolidation in a narrow range since the fear of Trump’s move aftereffects seems to be over now. On analysis of the movement of Natural Gas futures on May 9th, 2018 at 07:25:00 in the same chart pattern, in different time frames, which I noted in my last analysis, I find that the Natural Gas futures are currently looking for a breakout form the current levels.