Bullish Natural Gas Once Gap Is Filled

Natural Gas Futures--- Natural gas futures in the December contract are trading lower for the 4th consecutive trading session currently trading at 3.07 as I am sitting on the sidelines waiting for the price gap to be filled around 3.00/3.05 as I think that could happen this week.

Natural gas prices are slightly above their 20 day and barely below their 100 day moving average as the trend is choppy coupled with terrible chart structure at the present time, however the chart structure will improve in next weeks trade therefore lowering the monetary risk.

Warmer weather in the Midwestern part of the United States sold off this market earlier in the week as we are around 50 in the Chicago land area after receiving record cold temperatures last week, however we are heading into the extremely cold winter season as I see higher prices ahead.

As a trader patience is a key attribute in my opinion as trading just to trade is the kiss of death over the course of time so wait this one out & let's see if that 3.00 level is filled & then we will look at a bullish position while placing the proper stop loss risking 2% of your account balance on any given trade.

TREND: MIXED

CHART STRUCTURE: POOR

VOLATILITY---INCREASING

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