On analysis of the movements of Natural Gas futures in different time frames, I find the Natural Gas futures look ready for a technical bounce on April 11th and 12th due to the formation of “Golden Cross” in 1 Hour time frame. Growing volatility during this week with hopes for a constructive outcome to the G 20 Summit April 11th – 12th, 2019 may attract Natural Gas bulls at the current levels.
G 20 member countries will try to resolve tariff trade war tussle between the United States and China. This may lead US Natural Gas to meet the growing Chinese demand for their clean energy campaign in 2019. On the other hand, a trade war on the European front may enhance volatility in Natural Gas futures.
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