Natural Gas: Do or Die!
We secured half of our profits yesterday, however I still think we have a very good chance of higher price.
Nat gas needs to make a decision by getting above this key Covid trend line.
We are observing another "death cross" formation developing. If price action keeps rejecting the daily 200MA we may go lower.
Today inventories came out: consensus was 42B actual -6B
This was a dramatic forecast miss & supports higher price / more demand.
If Nat gas can get above this key covid trend line, we are well on our way to $3+
Nat gas needs to make a decision by getting above this key Covid trend line.
We are observing another "death cross" formation developing. If price action keeps rejecting the daily 200MA we may go lower.
Today inventories came out: consensus was 42B actual -6B
This was a dramatic forecast miss & supports higher price / more demand.
If Nat gas can get above this key covid trend line, we are well on our way to $3+
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