Natural Gas: Bulls Eye $3.189 Before Inventory Announcement

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On analysis of the movements of Natural Gas futures, in different time frames, Natural Gas bulls have an eye at the level of $3.189 before the announcement of impending inventory of Natural Gas. The Natural Gas futures have already found a sustainable base at the level of $3 and look ready for a steep upward move on the announcement of inventory because the current stockpiles are at the lowest levels below the five-year average and the levels during January last year at the same time. Secondly, China is ready to increase import of US Natural Gas to balance its trade with United States as soon as tariff trade war issue is resolved. No doubt that China’s intention to increase import of U.S. Natural Gas during 2019 will negate the over-supply issue. To listen my upcoming analyses, subscribe my YouTube Channel “SS Analysis” . Let’s have a look at the following charts.

Natural Gas: Bulls Eye $3.189 Before Inventory Announcement

Natural Gas Futures Weekly Chart – Expected Support And Resistance Levels

Natural Gas: Bulls Eye $3.189 Before Inventory Announcement

Natural Gas Futures 5 Minutes Chart – Expected Support And Resistance Levels

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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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