Short-Term Traders Can Book Profit in Natural Gas

 My buy recommendation in Natural Gas from level 2.4xx made low 2.386 and from there, an upward move has been seen previous week on the day of the weekly inventory report. One can read that post by clicking this link -  Natural Gas - Buying opportunity

On Thursday, 10-Dec-2020, the inventory report came bullish at -91 bcf while the forecast was -83 bcf. Due to the bullish report and better than expected data, Natural Gas has seen an upside blast on that day. Today, on 14-Dec-2020, at the start of a fresh week, Natural Gas price open gap-up and trading on more than 2.5% gains. 

Short-term traders can book their profit here at a level near 2.7xx long-term traders and investor should hold their position. 

Disclaimer: The author of this post does not have any position in Natural Gas futures. Readers are advised to take any position at their own risk; as Natural Gas is a highly volatile and most liquid commodity. Any loss/profit made on the basis of the above analysis will be unclaimed.