Natural gas chart is a beauty and also a wild beast!
The price has been super volatile before and this is exciting to traders and speculators alike.
Price has broken over it's major resistance and the potential is high, as you can see on the chart.
With Nearly 95% of Gulf Coast oil and gas production offline as Hurricane Ida buffets Louisiana, Natural-gas futures were on the rise, extending a climb to a three-year high.
Covid implications are also valid: If a new lockdown happens, people stay home, that drives Natural gas consumption higher and Oil lower.
Maybe an option to hedge with WTI? Yes, why not
One Love,
the FXPROFESSOR
PS. BE CAREFUL, NATURAL GAS IS OFTEN A COMET..CAN MAKE YOU OR BREAK YOU
The price has been super volatile before and this is exciting to traders and speculators alike.
Price has broken over it's major resistance and the potential is high, as you can see on the chart.
With Nearly 95% of Gulf Coast oil and gas production offline as Hurricane Ida buffets Louisiana, Natural-gas futures were on the rise, extending a climb to a three-year high.
Covid implications are also valid: If a new lockdown happens, people stay home, that drives Natural gas consumption higher and Oil lower.
Maybe an option to hedge with WTI? Yes, why not
One Love,
the FXPROFESSOR
PS. BE CAREFUL, NATURAL GAS IS OFTEN A COMET..CAN MAKE YOU OR BREAK YOU
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