Natural Gas Bulls Struggling To Conquer Bears’ Territory

132

Since submission of my last analysis, I find Natural Gas bulls look too aggressive to invade bears’ territory before the announcement of impending inventory on September 4 amid growing volatility. On analysis of the movement of Natural Gas futures on September 3 in different time frames, in the same chart patterns which I’ve noted in my last analysis, I find the changing weather pattern will provide enough support to Natural Gas bulls.

Natural Gas Bulls Struggling To Conquer Bears' Territory

Natural Gas Futures Daily Chart – An Attempt To Invade Bears’ Border

Natural Gas Bulls Struggling To Conquer Bears' Territory

Natural Gas Futures 4 Hr. Chart – An Attempt To Sustain Above Breakout Zone

Natural Gas Bulls Struggling To Conquer Bears' Territory

Natural Gas Futures 1 Hr. Chart – An Attempt To Sustain Above Breakout Zone

Disclosure

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.

2. Remember, YOU push the buy button and the sell button. Investors are always reminded that before making any investment, you should do your own proper due diligence on any name directly or indirectly mentioned in this article. Investors should also consider seeking advice from an investment and/or tax professional before making any investment decisions. Any material in this article should be considered general information, and not relied on as a formal investment recommendation.

LEAVE A REPLY

Please enter your comment!
Please enter your name here