Natural Gas: November Factor Versus Indecisive Moves

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Since my last analysis, no doubt that the Natural Gas bulls have become too aggressive after crossing the levels of $3.888; but they may face stiff resistance at the levels of $4.096 before moving ahead because ‘November Factor’ may attract natural gas bears too, particularly at the time while bulls look a little hesitant for a sustainable above the levels of $4.089. I find that a steep move of Natural Gas bulls is also evident enough to show their thick presence at the current levels which may help them to cross their immediate resistance at $4.096. If the Natural Gas futures successfully sustain above this immediate resistance, Natural Gas bulls will take more upward moves amid growing volatility.

Let’s have a look at the movements of Natural Gas futures in different time frames in the following chart.

Natural Gas: November Factor Versus  Indecisive Moves

Natural Gas Futures Weekly Chart – Expect Trading Zones

Natural Gas: November Factor Versus  Indecisive Moves

Natural Gas Futures Daily Chart – Expect Trading Zones

Natural Gas: November Factor Versus  Indecisive Moves

Natural Gas Futures 4 Hr. Chart – Expect Trading Zones

Disclaimer: This analysis is only for educational purpose. Readers are requested to kindly consider their own view first, before taking any position.

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