Good day traders,
Following all my NGAS analysis meeting take profit levels, I'm now able to confirm the bigger picture. Please note that all my analysis are done from a swing point of view but you could see the targets being met sooner than anticipated.
Building up to the Russia/Ukraine war we noticed the Natural Gas prices consolidate and only saw it surge after the sanctions were handed. With the sanctions in place, I believe that the market will keep surging until something is done about the high demand that was created by the sanctions.
What we currently know: The Russia/Ukraine most recent peace talks failed thus we saw the market surge to $8.1 last week. We are are close our support and I now anticipate Natural gas to retest our key level and eventually meet our Take profit level on our long term resistance.
What are your thoughts on this commodity? Do you agree with my observation?
Please join in the converstion to share your thoughts.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
Following all my NGAS analysis meeting take profit levels, I'm now able to confirm the bigger picture. Please note that all my analysis are done from a swing point of view but you could see the targets being met sooner than anticipated.
Building up to the Russia/Ukraine war we noticed the Natural Gas prices consolidate and only saw it surge after the sanctions were handed. With the sanctions in place, I believe that the market will keep surging until something is done about the high demand that was created by the sanctions.
What we currently know: The Russia/Ukraine most recent peace talks failed thus we saw the market surge to $8.1 last week. We are are close our support and I now anticipate Natural gas to retest our key level and eventually meet our Take profit level on our long term resistance.
What are your thoughts on this commodity? Do you agree with my observation?
Please join in the converstion to share your thoughts.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
