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MarketIntel
Mar 10, 2022 11:48 AM

NatGas: Ants in Its Pants 🐜🐜🐜 Long

Henry Hub Natural Gas FuturesNYMEX

Description

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NatGas seems to have ants in its pants, seeing that it has been fidgeting above the orange zone between $3.982 and $4.464 during the last weeks. As it has botched its first attempt to move upwards after finishing wave 2 in green, we expect NatGas to try for a second time. It should then rise into the green zone between $5.856 and $6.214 to complete wave 3 in green. After a moderate correction in wave 4 in green, NatGas should resume the ascent and climb above the resistance at $6.466. If its antics have sapped NatGas’s energy too much, though, there is a 40% chance that it could drop below $3.536.
Comments
arunphoenix372
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whole world wants gas....and natty is not moving ...I wonder why.....is it a pause before move to $7? a calm before the storm?
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