Natural Gas Looks Ready For A Technical Bounce
Satendra Singh | Jun 12, 2018 11:42AM ET
Since submission of my last analysis on analysis of the movement of Natural Gas, I've found that the current corrective move looks to attract more bulls at current levels before the inventory on Thursday amid cooling demand during coming summer season.
I find the Natural Gas futures look ready for a technical bounce from the current level because natural gas bulls look too eager to break the first resistance at $3.033 before the inventory announcement, which is expected to be in favor of bulls.
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