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bottom_scalper
Dec 18, 2018 11:27 PM

2018.12.18 Natural Gas Short-term predictions Long

Natural Gas (Henry Hub)FXCM

Description

Weather is pointing to a possible cold weather returning sometime in January, but still too far out to be certain. However, looks like bears have starting covering their positions and are flipping long again in anticipation for the next winter spike. I'm short-term bullish. I think we get a technical bounce as high as 4.05 before we see some light profit taking. Strategy for now is to buy the dips until we get to 4-4.05. Until return of cold weather is confirmed on the backend of weather models, I think 4.05 will be HIGH for now. Good luck everyone
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