Natural gas futures price seems too eager to re-enter the midsection of the decisive trading zone, which I constructed in my analysis “Natural Gas Decisive Trading Zone For 2017”.
Current position of the natural gas futures price in the same decisive trading zone for 2017 in a weekly chart defines a good struggling movement and I find it to win this struggle successfully with a strong up move very soon and perhaps with a gap up move. Though, the formation of a bullish hammer in weekly chart ensures this possibility and seems to be confirmed on turning this upper part of this bullish hammer from red to green. And a move inside the mid part of the decisive trading zone for 2017 will open a fresh trend in the days ahead. Currently, I find the natural gas futures are trading at a very crucial and decisive point. So, it is important to keep a close watch on the movement of natural gas futures price.
Have a nice trading time.
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.
