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Sunday, March 07, 2021 2:49:48 PM
By: Satendra Singh | March 5, 2021
On analysis of the movements of the natural gas futures, in different time frames, I find that the formation of a bullish crossover in 1-hour time chart could continue the current rally till this weekly closing. I find that the natural gas bulls look too confident to go long from $2.720; with their immediate target at $2.889.
I find that a weekly closing above $2.889 could result in a gap-up opening above $3 on the first trading session of the next week. There is no doubt that the natural gas bulls could become more aggressive shortly.
Natural Gas Futures 15 Minutes Chart
Natural Gas Futures 1 Hr. Chart
Natural Gas Futures 4 Hr. Chart
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