Natural Gas Futures (Continuous futures contract)Natural Gas Futures (Continuous futures contract)Natural Gas Futures (Continuous futures contract)

Natural Gas Futures (Continuous futures contract)

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NATURALGAS Fresh Breakout above 3.32. But showing some signs of being overbought. Longs still good at a bullish pattern around 3.27 and 3.22 if it comes to it.

NATURALGAS Bears taken to the cleaners. Target of 3.32 achieved. I feel longs are still good. Trail Sl at cost if conservative.






NATURALGAS Potential Inside bar breakout over 3.17 on 4 hour timeframe. Positional buy on closing above 3.17 on retracement can easily target 3.30 maybe even 3.64 if some positive consumption news comes during the week. Definitely not a selling setup now.

NATURALGAS Overall trend has become a tad bit negative but we might see an immediate rally as bulls aren't completely out. Recent fall in oil prices have gotten producers to ponder production cuts which reduces Gas output as well.
Sacrosantial levels for bullish moment:
Aggressive bulls above 3.105
Conservative bulls above 3.145 (day closing above this will trap bear and then we can target 3.30 and above but looks like a long shot for now)