Natural Gas Futures Review and Chart & Support and Resistance Levels 11.17.2021 - Support & Resistance Levels

Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

Natural Gas Futures Review and Chart & Support and Resistance Levels 11.17.2021

Dear Futures Trader,

Get Real Time updates and more on our private FB group!
The natural gas market has seen volatility increase sharply over the past 8 weeks. Once it broke above 4.65 in early September, the market ventured into new territory with heightened volatility.
Supply crunch across the globe along with the seasonality of entering winter contributed to the rally and the pull back.
Notice how the front, Dec. contract bounced sharply off the major support/demand area at 4.70 and is now trading against the major supply area ( red line / moving average) at 5.44.
This market can go either way and do it relatively fast. Weather, supply chain news will determine next move.
A close above 5.44 can trigger retest of $6. Failure at the same level can send market towards the 4.65.
If you are looking for other reference material please contact your Cannon Broker for lists of solid, informative and helpful trading tomes
Futures Natural Gas Daily Chart

Good Trading

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.


Futures Trading Levels


Support and Resistance Levels 11.17.2021


Economic Reports, source: 

Better Trader Economic Reports 11.17.2021

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Tags: > > > > > > > > > > Posted in: Future Trading News   | futures trading education   | Natural Gas  

Trading Expertise As Featured In

Trading Tips You Can Use Right Away!

Watch 4 short videos on the topics of:
  • Using Bollinger Bands and Parabolics
  • Using range Bars for Day-Trading
  • The concept of Price Confirmation
  • How to Use Support & Resistance Levels
  • License 3 Broker at your Fingertips