Natural Gas: Indecisive Bears Seem To Run Upward Before Weekly Closing
Satendra Singh | Apr 28, 2017 12:11PM ET
On analysis the movement of Natural Gas futures price in different time zones on April 28th, 2017 at 05:11:32, in different chart patterns, I find the indecisive bears have no choice except to run upward. As I predicted in my last two analyses, I find that natural gas futures price is technically bound for a good bounce to breach its first psychological resistance at $3.333 before the weekly closing on April 28th, 2017.
Movement of natural gas futures price in the following two charts seems to confirm a good bounce from the current leve very shortly. Movement of Natural Gas futures price inside my 'Expected Propositional Zones' seems to confirm the possiblilities of a gap up opening on the first trading session for the week of May 1st, 2017.
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