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Copper target met Buy Zinc at 199 for target of 201 , SL 198 Date - 14/03

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Yesterday we saw Natural Gas futures trading sideways and ultimately closing in red. Natural Gas futures have been trading in this zone for quite some time. Traders are confused about the price movement.

Natural Gas futures investing – Price forecast: Can you vouch on this rally?

Observing current fundamentals, there is no upside triggers and thus rally is short-lived.

Tuesday morning, natural gas futures have been showing signs of strength and trading in the green zone but overall, this is limited.
Natural gas market is been stagnant and thus traders are reluctant investing in this counter.

Price forecast

The current rally is short lived and I expect this to be last winter rally. Winter is extended but still this seems to be the last rally for this season since traders have discounted the weather in the prices.

I expect prices to rally a bit more till around 207-209 in upcoming sessions and then follow a bearish path.

Most traders are waiting for rallies to be able to start selling again and this would be a right way to proceed.

Buying in this market is a risky bet and it is better to stay away from long positions.

Trading tip

Short NG future at 204 (add more at 208) for target of 198 with stop loss of 212. Hold for upcoming sessions.

Read disclaimer before investing 

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