mantracommodity
Short

Natural gas not tired yet

FX:NGAS   Natural Gas (Henry Hub)
186 0 2
Natural gas             respected our analysis & moved to targets as per last report. However natural gas             move to higher level after that but many important hurdles kept as away for time being.

Now natural gas             is trading around $4.319 & as we can see on charts the continue trading above $4.140 is indicating that the rally isn't complete & we may witness further bullishness on coming trading session. However we also witness a possibility of negative divergence on RSI but it still has space for upside. Consolidation before the contract expiry providing more opportunity for buyers.

On fundamental side the 5 year average inventory for 1st week of the year is 3207 bcf while current inventory before 1st withdrawal is 2974. The 5 year average price is $4.32 also current price is $4.32. Winter weather may continue in US major gas consuming area till end of jan 2014.

Based on above studies, we will prefer to stay on bull side & looking for quick upside targets around $4.785 & then may be $5. However thin volume may generate volatility before moving up. The 5 year average price $4.142 will act as our SL on day closing basis.

Trade with us CALL 088890 34986
http://www.mantracommodity.blogspot.in
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out