Since my last analysis, I find Natural Gas futures look ready for an upward move after a good consolidation at the current levels. On analysis of the movement of Natural Gas futures in different time frames, in the same chart patterns which I’ve noted in my last few analyses, I find Natural Gas futures have formed a strong base at the current levels. I find emergence of a good bounce in Natural Gas futures on impending inventory announcement. Let’s have a look at the current position of Natural Gas futures in the following charts.
Disclosure: 1. This content is for information and educational purposes only and should not be considered as an investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital be involved which you are prepared to lose. 2. Remember, YOU push the buy button and the sell button. Investors are always reminded that before making any investment, you should do your own proper due diligence on any name directly or indirectly mentioned in this article. Investors should also consider seeking advice from an investment and/or tax professional before making any investment decisions. Any material in this article should be considered general information, and not relied on as a formal investment recommendation.