Natural Gas Bulls' Suspicion Attracting More Bears
Satendra Singh | Apr 24, 2018 06:34AM ET
Since submission of my last analysis on April 23rd, 2018, on analysis of the movement of Natural Gas futures on April 24th at 06:25:00 in different time frames, I find that the formation of exhaustive hammers in a daily chart over the last week creates and thereafter movement of Natural Gas futures in a narrow range create suspicion about the stamina of bulls’ strength. I find that the fear of bears’ major hideout ahead at the levels of $2.813 is evident enough among the bulls which make them feel reluctant to move above the current levels. Now, the Natural Gas bears look ready to make a sudden strike inside the bulls’ territory.
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