Natural Gas Bulls Look Too Reluctant To Stay Out Of Their Territory
Satendra Singh | Feb 21, 2018 10:37AM ET
On analysis of the movement of Natural Gas futures for February 21st, 2018 at 10:24:00 in different chart patterns, as I noted in my last analyses, I find the Natural Gas bulls look too reluctant to stay above the first technical resistance at $2.676, especially before the announcement of Natural Gas inventory on February 22nd, 2018.
Only a stagnant move above $2.676 will be a first step for the bulls to maintain their strength, otherwise, bears will find this level too attractive to move ahead. Growing volatility before announcement of impending inventory may create indecisiveness among the bulls too.
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