Menu
  • Option Hydra
  • Training
  • Premium
  • Courses
  • Library

Marketcalls

Simply Intelligent Technical Analysis and Trading Strategies

  • Software
    • Amibroker
    • NinjaTrader 7
    • Ninjatrader 8
    • Option Action
    • Market Analyst
    • Metatrader
    • Python
    • Datafeed
  • Market Profile
    • Orderflow
  • Markets
  • Commodities
  • Forex
  • Economy
    • Banking
  • Webinars
  • Trading Lessons
    • Algo Trading
    • Infographic
    • Video
You are here: Home / Commodities / Natural Gas Technical Outlook – Bullish Structure Under Progress.

Natural Gas Technical Outlook – Bullish Structure Under Progress.

November 6, 2013 by Mantraa Commodity 2 Comments

Natural gas (06.11.2013) traded lower in last few session on delay in cold weather in US. However it is expected to hit by cold weather soon now.

Now natural gas is trading around $3.464 & as we can see on charts , natural gas was unable to provide a close below parallel support area around $3.398 & the bounce we witness yesterday may produce a double bottom pattern for coming days. At the same time the candlestick formation is quite bullish & hinting for a bounce ahead.

On fundamental side coming US winter season may boost the inventory outflow. The last 5 year average price is $3.77 while currently trading at $3.464. Last 5 year average inventory storage is 3741 while current storage is 3779.ng

 

Based on above studies, we will prefer to go long in natural gas for possible targets around $3.66 & then may be $3.7. Only a day close below $3.3 will delay the forecast.

Related Readings and Observations

  • Natural Gas Near multiple Support Zone. Time to be a Bull?Natural Gas Near multiple Support Zone. Time to be a Bull? Natural gas (10.12.2014) respected our last article & fall to the mention target area. As always traders becoming more bearish due to last week fall in natural gas & we feel its time to […]
  • Daily Commodity Technical Analysis Overview – 3rd Nov 2014Daily Commodity Technical Analysis Overview – 3rd Nov 2014 Gold consolidating after sharp fall & trying to retest the broken support level turned into resistance. WE may witness more weakness as far as $1182 area remains as EOD resistance.
  • Natural Gas – Downside/Sideways Move to Continue.Natural Gas – Downside/Sideways Move to Continue. Now natural gas is trading around $4.49 & as we can see on charts, natural gas continue trading in a minor downside channel & touching the top line of descending channel which was able to […]
  • Natural Gas Technical Outlook – Reversal Ahead ?Natural Gas Technical Outlook – Reversal Ahead ? Now natural gas is trading around $6.37 & as we can see on charts , this area is just below the 61.8% feb correction level of the last downside wave. As the last downside move was very […]
  • Natural Gas – One More Pump Pending?Natural Gas – One More Pump Pending? Now natural gas march future is trading around $4.810 & as we can see on charts the over bought indicators added more space after yesterday profit booking session.
  • Natural Gas – Year End Technical OutlookNatural Gas – Year End Technical Outlook Now natural gas is trading around $4.460 & as we can see on charts the continue trading above $4.418 is indicating that the rally isn't complete & we may witness further […]

Filed Under: Commodities Tagged With: Commodities, Natural Gas

About Mantraa Commodity

Mantra commodity is an analyst group involved in technical analysis of all major commodities gold, silver, crude, copper, natural gas etc.

Mantra commodity serving to clients from last 7 years & made a strong bond of trust with our dedication towards work.Our main functioning area is .Technical analysis on all major commodities available HERE. Or you can write us on mantracommodity@yahoo.com

HaPpY TrAdInG.

Comments

  1. Kapil says

    November 18, 2013 at 10:32 am

    @rajandran if possible share the target updates in your circle i.e. fb, twitter etc

    Reply
    • Rajandran R says

      November 18, 2013 at 10:49 am

      Sure from next time onwards will track the progress!

      Reply

Leave a Reply to Rajandran R Cancel reply

Your email address will not be published. Required fields are marked *

Email Newsletter

Sign up to receive email updates on latest trading strategies , analysis & financial market updates

We Respect Your Privacy

Premium Access

Username:
Password:
Remember Me
Lost your password?

Tools For Traders

  • Marketcalls Android App
  • MCX Signals
  • Intraday Signals
  • International Commodities
  • OI Tracker
  • Participation OI
  • Your Broker
  • Market Sentiment Analysis

Amibroker Updates

Volatile Phases – Colorful ADX Amibroker AFL Code

November 16, 2019 By Rajandran 4 Comments

Amibroker Technical Analysis Workshop – Bangalore

November 1, 2019 By Rajandran 2 Comments

How to Send Alerts from Amibroker to Telegram Channel using Telgram API

June 12, 2019 By Rajandran 15 Comments

How to Estimate the VWAP based settlement Close like a Pro using Amibroker?

June 9, 2019 By Rajandran Leave a Comment

Practical Approach to Amibroker AFL Coding

May 23, 2019 By Rajandran 37 Comments

  • Facebook
  • Google+
  • LinkedIn
  • RSS
  • Twitter
  • YouTube

Metatrader Updates

MetaTrader 5 Demo Servers Now Available for BSE Currency Markets

March 20, 2018 By Rajandran 8 Comments

ChartIQ – WebTrader for MT4

December 4, 2017 By Rajandran 5 Comments

Metatrader 4 – Web Platform Overview

October 29, 2015 By Rajandran 9 Comments

William VIX FIX Indicator for Metatrader 4

May 16, 2015 By Rajandran 9 Comments

How to Install Custom MQL4 indicators in Metatrader

November 14, 2014 By Rajandran 7 Comments


About | Contact Us | Terms and Conditions | Privacy Policy | Support Policy | Privacy Policy | Refund Policy | Disclaimer


© Copyright 2018 Marketcalls Financial Services Pvt Ltd · All Rights Reserved · And Our Sitemap · All Logos & Trademark Belongs To Their Respective Owners·

Data and information is provided for informational purposes only, and is not intended for trading purposes. Neither marketcalls.in website nor any of its promoters shall be liable for any errors or delays in the content, or for any actions taken in reliance thereon.