Natural Gas: A Successful Entry In The Breakout Zone
Satendra Singh | Mar 21, 2017 04:38AM ET
Natural gas futures price has made a successful entry in the breakout zone which I defined in my last analysis “Natural Gas: A Decisive Move Towards The Breakout Zone”. On analysis of the movement of natural gas futures price different time zones, I find this move as a good confirmation of the beginning of an uptrend and the presence of natural gas futures price within this breakout zone till March 24th, 2017 will further ensure the solidarity of this uptrend more reliable.
On analysis of the movement of natural gas futures price in the 4 hour chart, I find the directional position of all moving averages is also indicating a strong uptrend, as may be seen on March 21st, 2017 at 04:00:00 in the same breakout zone in a 4 hour chart, which I defined in my last analysis.
Disclaimer: This analysis is purely based on the technical observations. I do not have any position in natural gas. One can create position in natural gas at his/her own risk.
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