Retest of Break below 2.25ish. Then short.
Warm winter is supposed to happen this year.
High inventories.
Possible Rising of USD
Production will not slow much as companies have debt obligations to make.
My main concern is that natural gas traded historically between $1-$5 so based on that range buying at two sounds like a pretty good option even before you take into account Inflation. I will be getting long Natural Gas this year for a 5-10year outlook, but I don't think we are ready for that yet.
I like to use leveraged ETFs for commodities this case DGAZ, UGAZ
Warm winter is supposed to happen this year.
High inventories.
Possible Rising of USD
Production will not slow much as companies have debt obligations to make.
My main concern is that natural gas traded historically between $1-$5 so based on that range buying at two sounds like a pretty good option even before you take into account Inflation. I will be getting long Natural Gas this year for a 5-10year outlook, but I don't think we are ready for that yet.
I like to use leveraged ETFs for commodities this case DGAZ, UGAZ