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Natural Gas: Sentiments Could Take U-Turn, Why?

Published 08/06/2020, 05:34 AM
Updated 07/09/2023, 06:31 AM

I find that the Natural Gas Futures have been constantly facing stiff resistance at the level of $2.255.

This confirms a massive presence of bears above this level.  The upcoming inventory levels could encourage bears to remain aggressive. There is no doubt that bulls may show some strength on the announcement of impending inventory, but amid growing volatility; bears could take the command.

Natural Gas Futures Daily Chart

Natural Gas Futures 4 Hr. Chart

Natural Gas Futures 1 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

Hope you are right !
tell you two days. before launch pad then two days late he tellbyou going lower, what a
this guy is the best, at what i have no idea
He's been correct probably the last 4-5 times in a row
Satendra is the greatest. Greatest loser gambler. His predictions have been very wrong. I hope that he is not trading according to his own predictions.
He can’t trade as he probably don’t have resources !😂
Great analysis Satendra 👍
Oh no.. Singh gone bear... Bull going to plow through $5.  You are 100% wrong 100% of the time.  What a joke.
Please never stop , you are great not a single time being right. Thanks for posting bearish so called "analysis" off to races finally we going to fly ))). Stay safe 🙏
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