Dec 3, 21 NG Update - Sidelines

NYMEX:NG1!   Natural Gas Futures
There is a small rebound in price action so far today. From the weekly chart you can see all the money we made this week with the price plummeting :-)

I'm staying on the sidelines today as there is a tiny coldfront moving through until Mon/Tue. Price action might increase a little more come Sun Night and Monday. I will look to sell on Mon or Tue depending on price action.

Overall, NG in Europe and Asia is still extremely high, still at records. Not sure why. But with this new varient from South Africa thretening the world, if (and this is a huge if) countries start sutting down, then NG prices should fall as reserves will grow and businesses slow down or stop using NG as everyone stays home again.

Crazy world we live in, that's for sure. Thank you to all for your continued support and have a great weekend :-)



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