Natural Gas continues to remain very weak.
The trend before and during the war remains bearish.
Nat gas has had the perfect opportunity to rally with middle eastern tensions but it continues to fall.
Comparing it to crude oil, Natural Gas has fallen below all of its key daily & weekly moving averages.
We have a plethora of supply of Nat Gas and with the addition of Venezuela/ Trinidad Draganfield now being tapped, I believe this is offsetting supply constraints.
Nat gas is on the precipous of falling to new 52 week lows.
The trend before and during the war remains bearish.
Nat gas has had the perfect opportunity to rally with middle eastern tensions but it continues to fall.
Comparing it to crude oil, Natural Gas has fallen below all of its key daily & weekly moving averages.
We have a plethora of supply of Nat Gas and with the addition of Venezuela/ Trinidad Draganfield now being tapped, I believe this is offsetting supply constraints.
Nat gas is on the precipous of falling to new 52 week lows.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.