Not only is the world markets showing downside to come, but so are many different commodities.
With so many investors flocking out of natural gas, stocks and even crypto they are most likely trying to find the safer havens to invest in these times.
Right now it looks like Natural Gas wants to come down a whole lot more due to.
🔻 Demand's lower 'cause winter's over and heating needs dropped.
📦 Storage levels are high, so no one's rushing to buy.
💨 Production's still strong, especially in the U.S. — too much supply!
🇨🇳 China's using less energy, so global demand dipped.
💸 Traders taking profits after recent spikes — classic pullback move
And the Technicals also confirm it.
Inverse Cup and Handle
Downtrend Strong
Price>20
Target $2.593
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
With so many investors flocking out of natural gas, stocks and even crypto they are most likely trying to find the safer havens to invest in these times.
Right now it looks like Natural Gas wants to come down a whole lot more due to.
🔻 Demand's lower 'cause winter's over and heating needs dropped.
📦 Storage levels are high, so no one's rushing to buy.
💨 Production's still strong, especially in the U.S. — too much supply!
🇨🇳 China's using less energy, so global demand dipped.
💸 Traders taking profits after recent spikes — classic pullback move
And the Technicals also confirm it.
Inverse Cup and Handle
Downtrend Strong
Price>20
Target $2.593
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.