(Long) NG - Nature Gas might have potential long-term profit
Natural gas holds a different flair to oil and is the second most traded energy commodity.
As with any energy commodity, demand and supply are key in determining its price.
Here are the factors that impact the supply and demand for natural gas:
1. Seasonal patterns and weather
All the News and forums are discussing Fed Rates Cuts, I think we've passed a point of no return.
The Coronavirus will become worst in the world and the fed will have to cut interest rates to keep the economy running.
However, this is not a good signal for economics, this is a sign that might bring us into recession.
In the chart, we can see that the DIS has filled the gap that opened on 12 APR, 2019 (118-127 USD).
Looking at the diagram in more detail, we can see that the RSI drops into a lower position (20), and it has a wonderful Head and Shoulders Top.
Although the travel ban has deeply affected the Disney parks and may continue to do so in the following several months, I...
I expect there will have a correction in the next week. if so, this might be good timing to raise the long position on SE.
1. PDD, JD, BABA are starting their correction recently.
2. Positive Bias Ratio is too high.
3. The coronavirus impact on markets that many had expected.
Resistance & Support Line:
Sea Limited (SE) is one I already own from near $26.
SE is a very good subject matter of investment.
While I already own this one, it is expected to see it pop up to 90 USD at the end of the year(2020).
It has a great performing on its revenue and great ambitions between their high table.
In the TA, we can see that the SE got strong support on the resistance...