In looking at the chart, price doesn't look good for a rebound anytime soon. I think 3 is in the cards for next week.
Weather is warmer than usual across the U.S., NG prices in Europe are dropping, China might have to go back into lockdown because of Covid concerns, the WORLD is heading into a hell of a recession, even though some of the world is already into it.
This is why I have stayed on the sidelines for the last 2 weeks and probably will for the next 2. Unless something changes, but price could actually drop to maybe 2.... I think 2.5 is certainly a possibility.
Hence, I am looking at trading a few other markets in the meantime to make some coin.
I will keep you posted.
Heiko
Weather is warmer than usual across the U.S., NG prices in Europe are dropping, China might have to go back into lockdown because of Covid concerns, the WORLD is heading into a hell of a recession, even though some of the world is already into it.
This is why I have stayed on the sidelines for the last 2 weeks and probably will for the next 2. Unless something changes, but price could actually drop to maybe 2.... I think 2.5 is certainly a possibility.
Hence, I am looking at trading a few other markets in the meantime to make some coin.
I will keep you posted.
Heiko