AlexPrather
Long

Favorable risk reward in natural gas

FX:NGAS   Natural Gas (Henry Hub)
93 1 2
Natural gas             is currently on the long term trendline and holding after massive price appreciations, whipshaw, consolidation, and sell off. Nat             gass is down around a dollar in the past month, around 22%.

Technicals:
RSI: Super oversold on daily
Open and close below weekly bollinger band , hyper extended.
Fundamentals:
Dollar per unit of energy nat             gas still remains highly competitive, espcially in the U.S. where nat             gas trades cheap.
increasing sanctions on europe by US partners might leas the U.S. to loosen controls on nat             gas exportation, thereby raising prices.
Winter is coming.
Nat             gas usage is growing throughout the U.S.,

Natgas could base here, or maybe breach trendline a ittle bit. I would sell below trendline if breached strongly. risk is 12c and upside is 36-60c over next 3 months.
BizkitBR PRO
2 years ago
Thanks ...Great review.. This was a monster late last year if you played the 3X ETFs right you could retire early.. UGAZ and DGAZ
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