Natural Gas: Last Two Trading Sessions Will Be Decisive
Satendra Singh | Mar 29, 2017 03:15PM ET
Although, the movement of natural gas futures price during the last two trading sessions will play a decisive role in fixing its opening on the first trading session of the week of April 2nd, 2017. An impending inventory announcement on Thursday amid the expectations of cooler than normal weather in north eastern parts of the united state will be two explosive factors for raising the pitch of volatile movements during the last two days of this week, but it will be interesting to see the closing of the natural gas futures price on the last trading session of this week.
On analysis of the movement of natural gas futures price in different time zones in different chart patterns which I constructed in my last few analyses as I mentioned in my analysis, I have concluded four probabilities of possible opening zones for the first trading session of the week of April 2nd , 2017 in a daily 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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