Bearish NATGAS front Month
Hello everyone,
This is my first time posting here, hope you find this helpful being my own view:
1- Supply is over the 5 year average.
2- Supply is over last year's when winter was cancelled.
3- We are running out of places to keep the supply.
My view is, this is very bearish for the short term at least, and 2.9-3.0 will still be a major psychological level to beat, at least not with over-supply and a dead economy with no big demand.
Thus i am short on this and i believe that our 1st stop is 2.25 followed by 1.5 and we could even go negative for the front month, especially with everyone still dreaming of the winters biggest bull market and 5$ #Natgas,
and as we all know they like to do this, get everyone extremely bullish and chop chop they slay everyone out, and what better time to do this on Natgas than now??
They could bring it so low and suddenly the next month demand picks up and then they take it to all time highs, it's meaning-less if it just goes from 3 now to 4 , what changed? we are still over-supplied, and winter is not here yet!
Hope you found this helpful,
Thanks for Reading!
This is my first time posting here, hope you find this helpful being my own view:
1- Supply is over the 5 year average.
2- Supply is over last year's when winter was cancelled.
3- We are running out of places to keep the supply.
My view is, this is very bearish for the short term at least, and 2.9-3.0 will still be a major psychological level to beat, at least not with over-supply and a dead economy with no big demand.
Thus i am short on this and i believe that our 1st stop is 2.25 followed by 1.5 and we could even go negative for the front month, especially with everyone still dreaming of the winters biggest bull market and 5$ #Natgas,
and as we all know they like to do this, get everyone extremely bullish and chop chop they slay everyone out, and what better time to do this on Natgas than now??
They could bring it so low and suddenly the next month demand picks up and then they take it to all time highs, it's meaning-less if it just goes from 3 now to 4 , what changed? we are still over-supplied, and winter is not here yet!
Hope you found this helpful,
Thanks for Reading!
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