Natural Gas Starts To Look At Fundamentals Amid Fading Fear Of Trade War
Satendra Singh | Apr 10, 2018 06:01AM ET
Since my last analysis, on analysis of the Natural Gas futures price in the same chart patterns on April 10th, 2017 at 05:40:00, I find that the U-turn of Natural Gas futures from $2.647 and followed by a steep move up to the level above $2.707 as I predicted in my last analysis. I wish to share the current position of Natural Gas futures in different Chart pattern which I have noted in my last few analyses. Now, I find that if the Natural Gas futures successfully break the first major resistance at $2.717, the bulls may move with good speed. But, on the other hand bears try to become more aggressive on every up move. I find the possibility of more massive fight between the bulls and the bears between the range from $2.667 to $2.7 67 to prove their thick presence. This massive struggle to capture a little more space will result in growing volatility amid shift in weather announcements. Now the fear of tariff trade war seems to be calm down, the directional moves of Natural Gas futures seem to be taking care of the fundamental equations.
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