Natural Gas: Expected Trading Zone For April 2017 Important Levels
Satendra Singh | Apr 04, 2017 10:40PM ET
Natural Gas futures price seems to be moving on a well defined path within an expected zone in a Daily Chart as I predicted in my last two analyses in which I have described two important zones. First, the formation of a Bear Trapping Zone and second important thing is to be noticed in the same chat “An uptrend path going through three proposed zone”. I have once again well defined this Bear Trapping Zone within the “Expected Monthly Trading Zone For April, 2017 in my analysis. Current position of the natural gas can be seen on April 4th, 2017 at 22:10:00.
Well, my aim is to provide a clear close look of Expected Monthly Zone for the month of April, 2017 for having a close vigil on the levels on which natural gas futures price gets support and faces resistance for the correct timely evaluation of a move for future direction of the price movement, specially for the forthcoming impending inventory announcement on Thursday.
Have a Nice Trading Day.
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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