Natural Gas Breakout
Volume Shelf. Largest Volume Volume Since November 2018. Im looking for Longs on break out of support box off vrvp. Political Macro Thesis: war continues into spring, NG demand remains stable through Europe. US NG Shipments continue to Europe. US gets colder in early part of 2023, just as we have had a cold one so far. Price goes up. Institutional Hedging for summer AC demand and winter 2023 Europe with sanctions.
Set stops below box. Look for higher volume capitulation as a confirmed false bottom. And vice versa.
Dont invest or risk any more than you can afford to loose.
Be smart. Be patient. Read. Pay attention to your gas $ bill and the weather channel.
Set stops below box. Look for higher volume capitulation as a confirmed false bottom. And vice versa.
Dont invest or risk any more than you can afford to loose.
Be smart. Be patient. Read. Pay attention to your gas $ bill and the weather channel.
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