Breaking News
Investing Pro 0
有香港版
您更倾向于浏览Investing.com的中文版吗?
New Year’s SALE: Up to 40% OFF InvestingPro+ CLAIM OFFER

Natural Gas: Bulls Could Be Gaining Momentum

By Satendra SinghCommoditiesJan 17, 2023 02:35PM ET
www.investing.com/analysis/natural-gas-bulls-could-be-gaining-momentum-200634439
Natural Gas: Bulls Could Be Gaining Momentum
By Satendra Singh   |  Jan 17, 2023 02:35PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
NG
+0.24%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

Since the start of this week, movements in natural gas futures indicate renewed strength among bulls since the recent low tested last Friday at $3.384.

As I write this piece, natural gas futures hit a high at $3.789, and a low at $3.639, which indicates that bulls could be gaining momentum after a massive bloodbath last week.

The struggle between natural gas bears and bulls has turned tough amid growing expectations for changing weather patterns from Jan. 26.

The commodity tested the lows of Jun. 2021 last Friday and maintained further movement in the same manner in Jan. 2023, which ensures a breakout move above $4.5 soon amid increasing wild price swings.

Natural Gas Futures Daily Chart
Natural Gas Futures Daily Chart


Technically speaking, in the daily chart, if natural gas futures sustain above $3.782 in today’s trading session, bulls could find a breakout above $4.042.

The second significant resistance for natural gas futures would seem to be at $4.485, which could be the next target for natural gas bulls to test before the weekly inventory.

On the other hand, if bulls do not hold the immediate support at $3.584, they could lose their confidence.

If natural gas futures continue to maintain slow and steady movement as they did on Monday, they could easily hit their next target despite selling pressure at every step.

Disclaimer: The author of this analysis does not have any position in Natural Gas futures. Readers are advised to take any position at their own risk; as Natural Gas is one of the most liquid commodities of the world.

Natural Gas: Bulls Could Be Gaining Momentum
 

Related Articles

Craig Erlam
​Oil Edges Up, Gold Pushes Higher By Craig Erlam - Jan 18, 2023

Oil Continues higher Oil prices are a little higher again on Wednesday, trading around the peak we saw earlier this month. The optimism driving equity markets higher is filtering...

Natural Gas: Bulls Could Be Gaining Momentum

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (26)
Murabaa Genral
Murabaa Genral 3 hours ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Waiting his another analysis 💋
Phong Nguyen
Phong Nguyen 4 hours ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
On Jan 3rd he said NG most like will hit the new high, it meant NG will surpass all time high of 9ish+ !!! Days later, NG made new 52wks low !! LMFAO
Zaheer Khalfan
Zaheer Khalfan 5 hours ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Better quit this job and open a masala spices store in bramptonit suits you more
Zaheer Khalfan
Zaheer Khalfan 5 hours ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Lol. He will stop posting now. He has made a mockery of himself.
Murabaa Genral
Murabaa Genral 4 hours ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
He wont Out of 10 analysis he makes 1 correct that too by mistake
7 hours ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Stop pooping on NG
Trading Market
Trading Market 12 hours ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Looking fowward yo your first bearish post, so i can enter long
11 hours ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
LoL
Trading Trade
TradingTrade 11 hours ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
agree, one bearish post might trigger a big bull run, lol
Webchow Id
webchow 12 hours ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
At this point, I don't think there's any question, it's not the producers that have destroyed this market. There are some big money speculators (hedge funds) that have a vested interest (and a LOT of money) in pressuring NG further. The only question at this point is, when will another fund (with equally deep pockets) decide that it has gone far enough? If they're all on the same side of this trade, $1 could be achieved.
suresh suresh
suresh suresh 15 hours ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
pls dnt post any analysis hereafter
Trading Trade
TradingTrade 15 hours ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
He will. If you pay attention before every major fall there will be a bullish analysis from him. When NG shot to almost 10 he posted bearish review daily. All to tap retailers. Similarly forums are filled with market makers to trap retailers . welcome to world of NG
Murabaa Genral
Murabaa Genral 16 hours ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Ghade ki gaand momentum
Phong Nguyen
Phong Nguyen 16 hours ago
Saved. See Saved Items.
This comment has already been saved in your Saved Items
How did you get this job ? How did they allow you to write such garbage all the time ? You are the worst of all the very worst in this sector.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email