$NGAS - Is the Gas Crisis Over? (Short Trade)
NGAS - Is the Gas Crisis Over? (SHORT)With the Economy slowing, a variety of commodities are showing weakness, think about
OIL and COPPER.NGAS is still retesting this channel breakdown.I'm looking for shorts in this area as the potential rewards are huge.
The war in Ukraine may be coming to an end, and this could have an impact on the price of natural gas. If the conflict ends, it may be possible to increase the supply of natural gas from Ukraine, which could lead to lower prices. Additionally, Europe already has enough natural gas to meet its needs for the entire winter, which could also help to keep prices down. However, it is important to remember that the price of natural gas is determined by many different factors, and it is impossible to predict with certainty how it will change in the future on a fundamental level. The charts look good.
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