KQMarkets

Natural Gas Long - Long Term Upside Potential

Long
OANDA:NATGASUSD   CFDs on Natural Gas
We have opened a buy long term natural gas position as we believe that there is significant upside potential despite the current supply glut and renewable energy growing in market share. This because at such a low level extreme weather conditions could cause a spike in natural gas prices which could lead to prices doubling from the current levels. Therefore we have opened a long natural gas position and are looking for prices to reach $2.771 as a first target level on the upside.

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