On analysis of the movements of Natural Gas, in different time frames, I find that a gap-up opening on the first trading session of the upcoming week above the level of $2.788 will confirm the continuity of an uptrend voyage; which has next stop for bulls at $3. No doubt that the Natural gas futures have attained enough strength to test the levels of $2.948 within first two trading sessions amid growing volatility, but a sustainable move above the level of $2.948 will keep the trend in favor of bulls.
Finally, I conclude that the formation of "Golden Cross" in a daily chart looks evident enough for a breakout move during the upcoming week; which may provide a sufficient base for the next peak of Natural Gas during this season.
Watch my video on Natural Gas below.
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