Natural Gas $5.00 Level Should be Massive Resistance – Neal Bhai Reports

I believe that rallies are still to be sold, as the $5.00 level should be massive resistance. If we can break above there, then I think the market would take off to the upside very violently, but I think it’s very unlikely to happen.

The markets showing signs of exhaustion on shorter-term charts should be your clue to start shorting, perhaps aiming for the $4.10 level again. If we break down below the $4.10 level, then I think the season bullish pressure will have rolled over and we could continue to go lower.

In general, I believe that natural gas markets have essentially topped out for the year, so I do favor the downside but I recognize that there is a lot of noise to be had between now and then.

Sell signs of exhaustion but buying is going to be very difficult. I believe that as the futures markets roll over into the Spring contracts, we will start to see this thing unwind. – Neal Bhai Reports

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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