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Natural Gas: Reversal Could Be Steeper To Breach $3 Shortly

Published 12/03/2020, 10:24 AM
Updated 07/09/2023, 06:31 AM

After a steep fall, Natural Gas futures look to find strong support at the level of $2.5; before a steep reversal on the announcement of impending inventory today. The currently prevailing cold weather could generate more heating demand for natural gas; could result in more withdrawals during the upcoming weeks. There is no doubt that the bulls will not leave this golden opportunity to go long from here to hit the short-term target at $3.  

Natural Gas Futures 4 Hr. 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

Great job Singh. Keep up the good work. We believe in you, the Titanic of NG.
The most useless person with useless analysis (as usual). How this author makes any money, is beyond me...
Please do not post more people making fun of you
and you are hurting small traders that foolishly follow your analysis ....
kutti k bache
I thougt 3 ??? I am pretty sure you work for some gas company and you manipulate people mind
Could you be more wrong ? Unbelievable.
It could be slowly move towards $ 2 ???
Thumb  down ppl check my sentimentshort closed by me n waiting  for again short.  Still topper on this Board.
More thumb down means many of here. So out infinity players one only declare winner.
Sure
this market manipulation full. ...nearly 2 weeks with cold. .selling gas. ..and the flags down ...must to await for middle December or meabe January for watch 3....if arrive. .with cold and snowing and down down
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