Natural Gas: Sentiments Could Take U-Turn, Why?
Satendra Singh | Aug 06, 2020 05:34AM ET
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.
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.
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