Natural Gas Bulls May Be Too Aggressive With Supportive Weather

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Since my last analysis on the movements of Natural Gas futures in different time frames, I find the bears already sensed the changing weather pattern during the upcoming week before escaping back from the “Warning Zone”. The Natural Gas futures may start the upcoming week with a Gap-up opening on the first trading session. While at this time it is likely that part of the I-95 swath from Washington, D.C., to Boston, will get enough snow to shovel and plow, the entire zone will not. The northward advance of the rain, ice and snow line may grind to a halt over the Midwest and Northeast and only penetrate so far inland in the mid-Atlantic and New England. Two storms with snow, ice and rain will affect many areas from the Midwest to the northeastern United States through next week.

Natural Gas Bulls May Be Too Aggressive With Supportive Weather

Natural Gas Futures Daily Chart – Bears’ Trapping Zone

Natural Gas Bulls May Be Too Aggressive With Supportive Weather

Natural Gas Futures 4 Hr. Chart – Expected Trading Zones For The Week Of February 17th, 2019

Natural Gas Bulls May Be Too Aggressive With Supportive Weather

Natural Gas Futures 1 Hr. Chart – Gaps And Resultant Moves

Disclaimer

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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