Natural Gas interesting parabolic uptrend and price discount
The price of NatGas has dropped on forecasts of cooler weather. That's great, that's for the short term.
In the long term it could continue up, so I take advantage of the short term price drop to get an entry at a discount, and a great risk to reward.
The weather is even predicted to get much hoter in 2 weeks.
I see:
- A parabolic trend
- A pullback
- A catalyst for the pullback that is completely reversed and more in a few days
- Lower production in Europe and lower exports from Russia, which may get worse in August and September
- High demand in Brazil and empty stores in Europe after a long winter
I buy.
I checked all areas where people live (every 1000 km of inhabited area, deserts don't count)
www.timeanddate.com/...her/usa/new-york/ext
www.timeanddate.com/...ther/usa/chicago/ext
www.timeanddate.com/...sa/san-francisco/ext
www.timeanddate.com/...her/france/paris/ext
www.timeanddate.com/...r/germany/berlin/ext
www.timeanddate.com/...er/russia/moscow/ext
www.timeanddate.com/...her/india/mumbai/ext
www.timeanddate.com/...r/china/shanghai/ext
That was for the north hemisphere
And hey guess what the world is not ending, the cold front in Brazil is not staying, temperatures in Rio are going up too:
www.timeanddate.com/...l/rio-de-janeiro/ext
Resistance will be this famous 6 years high, the "I got rekt" optionsellers/James Cordier high that caused him to publish a video of him crying.
For the new traders you missed something and I would recommend watching the video of him crying (and tell his client "welp I lost all your money but thanks for the sauce).
The catalysts for going up are here. Res is far. Taking a risk at a discount I'd be crazy not to. Maximum fin opportunity.
(The high is an area, not just a point, I'd target 4.5 to 5$ by mid August and 6-6.5 by mid september).
That's all folks, just wanted to mention Natural Gas, do your DD if you think this is interesting.
In the long term it could continue up, so I take advantage of the short term price drop to get an entry at a discount, and a great risk to reward.
The weather is even predicted to get much hoter in 2 weeks.
I see:
- A parabolic trend
- A pullback
- A catalyst for the pullback that is completely reversed and more in a few days
- Lower production in Europe and lower exports from Russia, which may get worse in August and September
- High demand in Brazil and empty stores in Europe after a long winter
I buy.
I checked all areas where people live (every 1000 km of inhabited area, deserts don't count)
www.timeanddate.com/...her/usa/new-york/ext
www.timeanddate.com/...ther/usa/chicago/ext
www.timeanddate.com/...sa/san-francisco/ext
www.timeanddate.com/...her/france/paris/ext
www.timeanddate.com/...r/germany/berlin/ext
www.timeanddate.com/...er/russia/moscow/ext
www.timeanddate.com/...her/india/mumbai/ext
www.timeanddate.com/...r/china/shanghai/ext
That was for the north hemisphere
And hey guess what the world is not ending, the cold front in Brazil is not staying, temperatures in Rio are going up too:
www.timeanddate.com/...l/rio-de-janeiro/ext
Resistance will be this famous 6 years high, the "I got rekt" optionsellers/James Cordier high that caused him to publish a video of him crying.
For the new traders you missed something and I would recommend watching the video of him crying (and tell his client "welp I lost all your money but thanks for the sauce).
The catalysts for going up are here. Res is far. Taking a risk at a discount I'd be crazy not to. Maximum fin opportunity.
(The high is an area, not just a point, I'd target 4.5 to 5$ by mid August and 6-6.5 by mid september).
That's all folks, just wanted to mention Natural Gas, do your DD if you think this is interesting.