Since my last analysis on movements of Natural Gas futures in different time frames, I find that a sustainable move above the level of $2.947 will resume a fresh buying spree in Natural Gas futures. Natural Gas futures are currently testing long-term support levels which seems to provide a good opportunity for bulls to trap bears at the current levels. An eruptive short-covering rally will soon be visible from the current levels before the announcement of impending inventory of Natural Gas this week. Let’s have a look at the movements of Natural Gas futures in the following charts:
Natural Gas Futures Weekly Chart – Expected Trading Zones
Natural Gas Futures Daily Chart – Expected Trading Zones
Natural Gas Futures 4 Hr. Chart – Expected Trading Zones
Natural Gas Futures 1 Hr. Chart – Expected Trading Zones
Disclaimer: Readers are requested to kindly consider their own view first, before taking any position. This analysis is only for educational purpose.