Natural Gas: Bulls Moving Silently To Test $3

Published 04/14/2021, 01:10 AM
Updated 07/09/2023, 06:31 AM

Since opening on the first trading session of this week, natural gas futures consistently indicating strength. I find that the natural gas bulls are heading silently towards their immediate target at $3.

Natural gas futures have been sustaining above $2.612 that indicates a breakout move before this weekly closing. I find a downward move by natural gas below $2.5 could continue to find buying support above $2.442 and, a rally above $3.2 will find a selling spree.

Finally, I conclude that volatility could increase during the upcoming weeks, but the overall trend could be bullish as the bulls have formed a new base for bulls will be at $2.584.

Natural Gas Futures 15 Minutes Chart

Natural Gas Futures 1 Hr. Chart


Disclaimer: The author of this analysis does not have any position in Natural Gas futures. Readers are advised to take any position at their own risk; as Natural Gas is one of the most liquid commodities of the world.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.