Since my last analysis on the movement of Natural Gas futures, I find the Natural Gas is still sustaining inside the “Bullish Consolidation Zone,” which looks too supportive for the bulls. No doubt that the Natural Gas futures are maintaining at the lower edge of this zone before the announcement of Crude inventory, which may enhance volatility in the energy sector. Still I think the bulls will try to keep Natural Gas above $4.288 to $4.388 amid this volatile session on December 6, 2018. Despite the growing volatility, I think Natural Gas may remain closer to the uptrend line till the inventory announcement on December 7. Let’s have a look at the expected trading zones for December 7th, 2018 in the following chart.
4-Hour Natural Gas
Disclaimer: This analysis is only for educational purpose. Readers are requested to kindly consider their own view first, before taking any position.