Harley_Drake

Tis the Season to be Gassing - Natural Gas is ready for a Boost

CURRENCYCOM:NATURALGAS   Natural Gas
I've been curiously watching natural gas for the past month on and off learning more and more about it. It has a season, mainly the winter months, but we do sometimes see spikes in the spring months. Gas has been in a really nice pattern for years on end and its finally shimmied its way back into the buy zone indicated by the green box below. I've found that when it hits this zone its only a matter of time before it jumps. How high will Natural Gas jump? Hard to say, but the last 2 spikes occurred within 2 years apart and the last was in 2018, so we may have a lucky year. However it has been sinking since 2014 hardcore, so the possibilities of height in the winter are hard to tell. Either way it is likely that gas will eventually make a decent penny for those that wish to hold long term into Nov/Dec to see if it sticks to an uptrend.

Can gas go lower? Sure. In the next 2 weeks it might go lower if the dollar rises. But the estimate is that within 2 weeks there will be a rise from natural gas , likely the latest date being Aug 17th. So keep an eye out.

ETFs for Natural Gas: BOIL (still official) / UGAZF (OTC, has been decommissioned in July, trade at your own risk)

Comments

I hope so!
Reply
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