Natural Gas futures price seems ready to take good support at the current levels above $3.047. Changing weather in the first week of February seems evident enough to encourage natural gas bulls to attack upon the bears that are still busy in tasting the NatGas Cake. No doubt that the cherry formation at the top of the NatGas cake attracted the bears, but the changing weather looks too supportive for the natural gas bulls.
On analysis of the movement of Natural Gas futures price in the same chart patterns which I have noted in my last two analyses, I find that the Natural Gas futures price have completed the correction phase and a bullish move is expected to emerge from the current level till the natural gas impending inventory announcement on February 1st, 2018.
I find that the natural gas futures price is ready to fill the gap, created on the first trading session of the Week. Looking at the natural gas chart patterns, which I have noted in my analyses, will be helpful in decision making for natural gas traders.
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