Natural Gas: Recurrence Of A Repetitive Pattern Seems To Be Definite
Satendra Singh | Mar 27, 2017 11:10PM ET
On analysis of the movement of natural gas futures price since March 21st, 2017, I find the formation of a pattern from March 21st, 2017 at 16:00:00 till March 22nd, 2017 at 16:00:00 and the same exact movement pattern formation has been repeated from March 27th - 28th, 2017.
After the formation of a movement pattern on March 21st – 22nd, natural gas futures price moved in a range bound manner from $2.988 to $3.088 till the weekly closing on March 24th, 2017.
Now, after the recurrence of repetition of the formation of the price movement pattern what it formed from March 21st – 22nd, 2017 will make the same range bound movement of natural gas futures price till the closing on March 31st, 2017 once again.
And, if the natural gas futures price moves in the same range bound manner from March 28th, 2017 to March 31st, 2017, then this would confirm a definite possibilities of a repetition of a gap-up formation on the first opening session of the week of April 2nd, 2017 once more.
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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