On analysis of the movements of Natural Gas futures, in different time frames, I find the formation of “Golden Cross”, in four hour time frame, will enhance the optimism among the natural gas bulls. Since the announcement of bullish inventory, sharp reversal is evident enough for continuation of current uptrend during the upcoming week. I find that the Natural Gas futures will take a decisive move on March 8th, 2019 before weekly closing; which may encourage the bulls to move above the level of $3.037 with supportive inventory announcement along with “Gold Cross”. According to AccuWeather reports, a potent storm may not only bring significant snow and blizzard conditions to parts of the north-central United States this weekend, but also a more far-reaching swath of potentially high winds this weekend. I find that bulls may start shooting spree before the weekly closing.
Natural Gas Futures 15 Minutes Chart – Decisive Trading Zones For March 8th, 2019
Natural Gas Futures 1 Hr. Chart – Decisive Trading Zones For March 8th, 2019
Natural Gas Futures 4 Hr. Chart – Expected Trading Zones For The Week Of March 10 th, 2019
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