Natural Gas: Terrific Move In Territorial Zones

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On analysis of the movements of natural gas futures since the announcement of the weekly inventory, I find that NG bulls expect more a bounce inside the fresh trading zones, once it stays above their ‘Trapping zone.” Let’s have a look at the movements of my committed “Territorial Zones,” which I discussed in my last few posts. No doubt that this move by natural-gas bulls will encourage the bears for immediate vengeance. Still, natural-gas bulls look too aggressive to move further upward with supportive winters ahead. As I’ve mentioned before, the ‘November factor’ brings volatility, so be carefulthe following charts.

Natural Gas: Terrific Move In Territorial Zones

Daily Natural Gas

Natural Gas: Terrific Move In Territorial Zones

Weekly Natural Gas

Disclaimer: This analysis is only for educational purposes. Take your position at your own risk.

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