Natural Gas: Expected Opening Zone
Satendra Singh | Mar 18, 2017 02:24AM ET
On analysis of the movement of natural gas futures price since the announcement of natural gas inventory on March 16th, 2017 in different time zones, I find that a quick reversal seems evident enough to show the presence of buyers and bears to cover their shorts due to retreating cold weather conditions caused by the presence of Nor'easter storm as I predicted in my analysis Natural Gas: Nor'easter May Cause A Strong Up Move. On analysis, I find the possibilities of a gap up opening on the first trading session of the week of March 19th, 2017 in the following zone, mentioned in 4 Hr. Chart.
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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