$NG1! $UNG Natural Gas potential bull rally soon
Potential good risk/reward opportunity for Natural Gas.
Due to:
- 85% chance of La Nina winter conditions (lower than avg temps in Dec, Jan and March)
- Ongoing conflict in Ukraine and Middle East, which may intensify
- Chart patterns which indicate low(er) risk entry opportunity
NG 
UNG
I will accumulate around here, near $13, and potentially around $11 if it drops down there.
Though it seems we have seen the bottom.
Price may only double, but if there is a strong rally, following take profit points are possible, most likely between Dec 2024 and March 2025:
$76
$87
$115
(Note: NG Bull runs typically last 8-12 months from bottom to peak, so there is a chance prices will bottom out in ~Dec 2024 and peak ~Dec 2025.
I will be accumulating here though.)
Due to:
- 85% chance of La Nina winter conditions (lower than avg temps in Dec, Jan and March)
- Ongoing conflict in Ukraine and Middle East, which may intensify
- Chart patterns which indicate low(er) risk entry opportunity
NG UNGI will accumulate around here, near $13, and potentially around $11 if it drops down there.
Though it seems we have seen the bottom.
Price may only double, but if there is a strong rally, following take profit points are possible, most likely between Dec 2024 and March 2025:
$76
$87
$115
(Note: NG Bull runs typically last 8-12 months from bottom to peak, so there is a chance prices will bottom out in ~Dec 2024 and peak ~Dec 2025.
I will be accumulating here though.)
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