Natural Gas is moving between 190 to 205 for the past 3 months. We cannot expect a big shot movement nearby. Overall trend for this June month is SIDE WAY. Moving averages and Technical indicators are showing SELL trend nearby.
But Next week can expect a bit bullish trend and break 202. If it breaks within a day It will rally upto 210. Natural Gas Inventory for coming weeks will not be a big.
Oil prices is getting lower in European Trading. It indicates that NG is no longer bullish nearby.
Positional Traders can go SELL for next week. Intraday Traders are to be very causious in the evening market.
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