Natural Gas: Probable Appearance Of A Breakout Zone
Satendra Singh | Jul 28, 2017 11:56AM ET
Natural Gas futures seem ready for a possible breakout very soon. Movement of Natural Gas futures price in the same 4 Hr. Chart zones, which I constructed in my last analysis "Natural Gas: Expected Trading Zone For The Week of July 30th, 2017."
Natural Gas 4 Hr. Chart - Probable Trading Zone For The Week Of July 30th, 2017
On analysis of the movement of Natural Gas futures price in a Daily Chart, I find a sustainable move above $3.121 will be the second confirmation of the move since the natural gas inventory announcement of lesser then expected injection on July 27th, 2017 may boost this upmove during the forthcoming Week. I find the possibilities of appearance of emergence of a Breakout Zone, if the Natural Gas futures price successfully maintain above $2.948 till the weekly closing. And the possible Gap Up opening on the first trading session of the Week of July 30th, 2017 will be the second confirmation for the formation of this Breakout Zone in a Daily Chart.
Have a Nice Trading Week.
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