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HEIKOTradingSystem
Dec 3, 2021 1:09 PM

Dec 3, 21 NG Update - Sidelines 

Henry Hub Natural Gas FuturesNYMEX

Description

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 :-)

HEIKO
Comments
chatchitdt
Thank you ! You are the best trader .Please update more..
HEIKOTradingSystem
@chatchitdt, Thank you - will do once the new week gets under way :-)
kpyogendran
Thanks dude for the update!
HEIKOTradingSystem
@kpyogendran, you're welcome
sfiaschiprt
Thank you very much for the analisis, best regards and looking forward to next update, great weekend to all
HEIKOTradingSystem
@sfiaschiprt, you're welcome.
sfiaschiprt
@HEIKOTradingSystem Good morning, do you think it still going down ? It has reached the 3.700 - 3.800 level.
Thank you very much
HEIKOTradingSystem
@sfiaschiprt, Morning - That was from the 'Big Boys' over the weekend bringing the price down almost 300 points - another reason I stayed OUT of the market on Friday to see what would happen. I will update shortly but generally speaking, I think this week is sideways price action.
sfiaschiprt
Thank you very much ! Looking forward to update
JoeChampion
Great work
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