Natural Gas: Inventory Could Surprise Once Again

Published 12/10/2020, 07:20 AM
Updated 07/09/2023, 06:31 AM

On analysis of the movements of Natural Gas futures, in different time frames, today's inventory announcement is likely to generate bullish moves. Natural Gas futures have finally formed a base at $2.374 and could generate short-covering rallies after the announcement of impending inventory within the next few hours. 

There is no doubt that the winters seem to be normal in most parts of the United States, but the cyclical moves are still due for Natural Gas bulls; and could continue during the upcoming weeks amid growing volatility.  

Natural Gas Futures Daily Chart

Natural Gas Futures 4 Hr. 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.

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