Natural gas fluctuated in downtrend channel

15 juin 2017

Natural gas has recently fluctuated in downtrend channel due to high inventory and tepid demand. According to the chart, it is on course to form a head and shoulder pattern in long-term. In my opinion, 2.88 support line(Target 1) will be tested in short-term, if NG breaks through support line, prices likely to head to target 2 or even lower. However, I remain bullish based on fundamental. The spell of hottest weather of a year is just around the corner, and it will help spark buying and push prices higher when cooling demand comes in play.

15 juin 2017

Transaction en cours

16 juin 2017

Trade fermée: ordre d’arrêt atteint

Due to storage projection was below consensus, NG prices spiked and pierced resistant line, which would lead to higher prices. It's in line with fundamental.

27 juin 2017

Trade fermée: cible de profit atteinte

Target 1 reached. close