Natural Gas prepares for the takeoff
Natural gas is trying to find a dip after a correctional move, and may pullback higher.
Here's why:
The net position for commercial traders for Natural Gas futures from Nymex had reached the 2-year peak, which potentially means the imbalance in supply/demand equilibrium.
The fair price for Natural gas is calculated at between $3 and $4 per contract (10k MMBtu) according to energy administration of the United States.
Technically, it moves in a visibly strong uptrend and may contiunue to advance higher as pointed on the chart.
Don't forget - this is just the idea, always DYOR and manage your risk!
Here's why:
The net position for commercial traders for Natural Gas futures from Nymex had reached the 2-year peak, which potentially means the imbalance in supply/demand equilibrium.
The fair price for Natural gas is calculated at between $3 and $4 per contract (10k MMBtu) according to energy administration of the United States.
Technically, it moves in a visibly strong uptrend and may contiunue to advance higher as pointed on the chart.
Don't forget - this is just the idea, always DYOR and manage your risk!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.