I've been looking at the moves that the natural gas has made since making a huge correction from last years highs when it has stepped below the boiler bands in the 4hr chart and the moves that followed thereafter.
It has once again left the BB, more so than any of the other highlighted times.
I have also included all of the moves into a single block just so you can potentially have an inkling of where this might potential end up, if it continues to catapult from outside of the BB.
I've recently topped up on the gas and looking to hit around 4.6 levels.
Oversold on the weekly and EIA announcement tomorrow which should be bullish, with production levels down for this time of year and the cold weather forecasted to remain in the most populous areas of the USA, meaning even more gas withdrawal
It has once again left the BB, more so than any of the other highlighted times.
I have also included all of the moves into a single block just so you can potentially have an inkling of where this might potential end up, if it continues to catapult from outside of the BB.
I've recently topped up on the gas and looking to hit around 4.6 levels.
Oversold on the weekly and EIA announcement tomorrow which should be bullish, with production levels down for this time of year and the cold weather forecasted to remain in the most populous areas of the USA, meaning even more gas withdrawal