Big move down today!
But! i still believe we have a potential huge upside.
We could go a little lower to a support level around 2.5~
but we should go up over the coming week(s).
I expect a target price around 2.7~ and after that, another move upwards towards 3~.
lets see what happens!
Good luck!
Energy markets are front of mind – we see crude into new cycle highs and riding the 5-day EMA – clients are progressively increasing short exposures, although we’re not at historically high skews.
Nat Gas (NG) – the wild west of energy markets – has broken the $1.91 to $2.82 range it has held all year, and the Bollinger Band volatility squeeze is firmly on. EU...
Natural gas futures surged to over $3 per mmBtu, a seven-month high, driven by increased demand for indoor heating and cooling. Speculation and reports of pipeline issues causing production slowdowns contributed to the price rise. The September gas contract on the NYMEX Henry Hub reached $2.95 per mmBtu, up 6.2% for the day, briefly hitting $3.018.
Prior to this,...
Printing shallow here and this is likely a 0.382 correction to begin the bull market.
Trundling down the Supply Line it could print a shakeout and have a stab down but we don't really mind, this is DEEP DEEP here and one day we'll look back and think about when NATURALGAS was sub $3.
Think about it - energy is going up up up.
This could be a multi year or multi...
Natural gas has finally broken through resistance today, with US gas pushing through the $2.762 resistance level to bring about a fresh one-month high. Elevated stockpiles in Europe have subdued calls for another winter spike in Europe despite the need to once again source product from around the world in the absence of Russian imports. Nonetheless, todays...
This week, natural gas performed nearly perfectly. The wave count remains unchanged. Although I am still unsure about the ultimate shape of wave b, the scenario allows me to open cautious shorts. Of course, this is not advice. I look forward to the structure shaping the bottom and entering long positions into the winter.
Natural gas (spot) is still keeping down trend as it never gives a higher high but lower high.
In a minor trend, it can break a trendline and did a retesting. So, it is possible to go down.
So, we can look for short term trading with short positions.
Good luck.
✅NATGAS is making a rebound
From the support level of 2.42
So I think that we will see
A further move up
LONG🚀
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