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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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.