Natural Gas Looks Ready For A Technical Bounce
Satendra Singh | Dec 13, 2018 03:49AM ET
Since my last analysis, on analysis of the movements of Natural Gas futures, in different time frames; I find the Natural Gas futures look ready for a technical bounce before the announcement of impending inventory of Natural Gas. No doubt that the Natural Gas futures may test the level of $3.888 on the lower side, before testing the higher levels above $4.685 amid growing volatility, but the expected announcement of more withdrawal looks too supportive for Natural Gas bulls to test the level of $5 before the weekly closing this time. Let’s have a look at the movements of Natural Gas futures in the following charts.
Disclaimer: This analysis is only for educational purpose. Readers are requested to kindly consider their own view first, before taking any position.
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