Natural Gas - Accumulation Phase before next move?
Updated
Moving into winter 2022 and the price of gas (regardless of inflation) is STILL running high. Average price looks to be around $3, so even allowing for inflation in the price we could still be seeing a preparation for another (not unusual) move down in price.
Looks like: Bear Flag
Next likely move: Break downwards
Where to: possibly down into mid $4
Looks like: Bear Flag
Next likely move: Break downwards
Where to: possibly down into mid $4
Note
Well... it was a bigger bear flag than expected. However, we are now in the $4 Zone... More to drop?
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