Natural Gas Flag Test Result Seems To Favor Bulls

 | Sep 18, 2017 01:16PM ET

I noted in my last analysis Natural Gas: Facing A Flag Test? that the natural gas futures price seems to have completed a Flag pattern on the 15-minutes chart (Results Awaited at 12:30:00).

The result was declared in time at 12:30:00 as I predicted, which seems to favor the bulls and a move above $3.167 will confirm the final strength of the bulls along with the eruption of a short-covering rally above $3.189.