4xForecaster

NGAS - Nearing Significant Technical Level at 5.789

FX:NGAS   Natural Gas (Henry Hub)
278 1 1
NGAS - Nearing Significant Technical Level at 5.789

- bullish market reversal occurred; pending confirmation signal
- Overhead targets:
-- TG-1 = 1.5789
-- TG-2 = 5.883
-- TG-Hi = 6.215

OVERALL:
Neutral directional bias until market reversal confirmation signal occurs

Cheers,

David Alcindor
TradingView.com Moderator
Guys, be cautios with this Gas. Futures curve on front end is extremely inverted. Front contract (March - expiry in 7 days) is trading at 5,766 vs April contract at 4,855.
For me this looks ntg else but a complete short squeeze, and cornering the mkt before expiry. Spring will come eventually :-)
Unfortunately I hv no clue how to play this, options are very expensive due to high vol. If someone has any idea, pls share!
Reply
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