EvanJones
Short

Could see NGAS depreciate to all time lows

FX:NGAS   Natural Gas (Henry Hub)
115 0 4
So recently I published a chart showing 5 options to which NGAS could head towards. Currently it has made a new low and I expect a slight retracement towards the upper trendline on a lower time frame. Looking at this from a long term perspective, we are nearly heading out of the winter months and so I can only anticipate further movements south for this instrument.

Looking at the chart shows a very simply setup and the potentially next target would be the Fib extension 127.2% which coincidentally would bring us to around Sept/Oct time, a time where this instrument becomes more in demand.

Keep your eyes peeled, if the upper trendline is respected then I would estimate that price moves towards the 1.0-0.5 region.

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