NG Looks Bullish, Despite Bearish Inventory

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Since my last analysis, natural gas futures before and after the inventory announcement, I find that NG stayed well above $2.967, even after the bearish inventory announcement. I find that a weekly close above $3.068 will encourage natural-gas bulls to continue their upward journey above $3.888 during the upcoming week. No doubt that the volatility will remain very high, but the overall trend of natural gas looks to favor the bulls. Let’s have a look at the movements of natural gas futures in the following charts.

NG Looks Bullish, Despite Bearish Inventory

15-Minute Natural Gas

NG Looks Bullish, Despite Bearish Inventory

1-Hour Natural Gas

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