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Nahowny
Feb 16, 2021 9:17 AM

gas about to fly Long

Description

Hi. This is my first idea here. Makes sence, when you look at makro, read the news. The winter has come, vactination has come. If this breaks, I think it will go to 3.100 with no stop. Might see some triangle break?
Thanks for comments.
Comments
Obax
3.4 i doubt though
Obax
Well done
KingJu1ian
Thats a rather bold prediction. We are 2 weeks away from spring and trading spring futures already. Its basically the worse conditions possible now - super cold with part of gas pipers frozen and still the price fails to really go above 3.0x. Weather forecast says that temperatures will start falling next week. For Your scenario to happen the price needs to fly like crazy for next 3 days. But will it really happen knowing that Monday weather forecast is warmer already? Remember we are not selling retail gas prices, but futures.

I can see a spike to maybe 3.2 at some point this week, but 3.4 is a lot. Might be wrong of course if some market manipulation is in place.
Nahowny
@KingJu1ian, Well...worked great for me.
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