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Natural Gas Could Move Against All Odds

BySatendra Singh
Published 09/30/2020, 07:21 AM
Updated 07/09/2023, 06:31 AM

On analysis of the movements of Natural Gas futures, I find that the consolidation seems to be over before a breakout move shortly. There is no doubt that both the bears and bulls look over cautious at this time, but could become aggressive any time before the announcement of impending inventory this week. Natural gas futures could take a decisive move with a breakout or breakdown out of the range ($2.464 - $2.554). 

I find that the bears could feel reluctant to go short at this point while the month of October is about to start, but bulls could feel aggressive to move upward from here. There is no doubt that the risk is higher at this point, but the reward could be much higher on a breakout above $2.889. 

Natural Gas Futures Daily Chart

Natural Gas Futures Daily Chart

Natural Gas Futures 1 Hr. Chart

Natural Gas Futures 15 Minutes Chart

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.

Latest comments

please suggest the best reverse indicator singh sahib
He stopped writing analysis now .. post 30 sept .. we need your reverse indicator sir
"...with a breakout or breakdown out of the range ($2.464 - $2.554)"  Since this analyst is remarkably good at almost always being wrong, would it be safe to assume range bound for now?
BNG Bulls are FAQ'd
Singh made this a short
A broken clock is right twice a day, perhaps this time
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