NG: Bulls Look Too Aggressive With Supportive Inventory Expectations

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Since my last analysis on the movements of Natural Gas futures in different time frames, I find the Natural Gas bulls look too confident with the expectation of an announcement of more than anticipated withdrawal of impending inventory. Current moves of Natural Gas futures are evident enough to reflect the bullish momentum, which looks likely to continue after the inventory announcement till weekly closing. A sustainable move above the level of $3.333 will confirm the continuation of the bullish uptrend.

NG: Bulls Look Too Aggressive With Supportive Inventory Expectations

Natural Gas Futures 1 Hr. Chart – Expected Support And Resistance Levels

NG: Bulls Look Too Aggressive With Supportive Inventory Expectations

Natural Gas Futures 4 Hr. Chart – Nat-Gas Sentiments Meter

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