Natural Gas: Post-Inventory Moves May Confirm Upcoming Uptrend

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On analysis of the movements of the futures in different time frames, I find that a lesser build-up may result in ‘Blasting Moves’ after the Natural Gas inventory announcements within next few hours. No doubt that volatility may remain high, but the overall trend looks bullish. I find that a steep upward move above the level of $2.589 will confirm the continuity of an upward trend during the upcoming weeks.

Natural Gas Futures Daily Chart
Natural Gas Futures 4 Hr. Chart
Natural Gas Futures 1 Hr. Chart
Natural Gas Futures 15 Minutes Chart

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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.
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Disclaimer: This analysis is purely based on the technical observations. I do not have any position in Natural Gas. One can create position in Natural Gas at his/her own risk.

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