NatGas: Weekly Closing Will Be Decisive

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Since my last analysis, on analysis of the movements of Natural Gas futures, in different time frames, I find Natural Gas still look too confident for a ride above $5 during the last week of the year 2018. No doubt, this looks too exaggerated to talk about NG to close the year with $5; but it is not an impossible thought, especially when the Natural Gas futures have been extremely compressed with overconfident bears amid different noises. On the other hand, bulls will remain too eager to move towards a fresh breakout during the upcoming week as it is very much evident from the movements of Natural Gas futures on December 21st, 2018. I find that a weekly closing above the level of $3.867 will be first step of the bulls before Santa comes this time. Let’s have a look at the movements of Natural Gas futures in the following charts.

NatGas: Weekly Closing Will Be Decisive

Natural Gas Futures 1 Hr. Chart – Expected Trading Zones From December 21st – 31st, 2018

NatGas: Weekly Closing Will Be Decisive

Natural Gas Futures 4 Hr. Chart – Expected Trading Zones From December 21st – 31st, 2018

NatGas: Weekly Closing Will Be Decisive

Natural Gas Futures Daily Chart – Expected Trading Zones From December 21st – 31st, 2018

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