tanc87

Natgas channel - almost time to go long

Long
OANDA:NATGASUSD   CFD sur Gaz naturel
Natgas has been trending lower between perfectly parallel channel lines since February. The next bottom is at 2.01, after which you would expect a bounce to an upper channel resistance of 2.34. This is just on a technical basis. On a fundamental basis, the price has gotten dirt cheap with a lot of natgas producers unprofitable here, meaning a bullish direction reversal could happen any time now, and the bottom of 2.01 on the channel could never be reached. Remember inventories are below 5 year averages and we are trending towards end of summer, with winter stocking not so far away now
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.