💥➡ Gas is going to explode?Fundamentally, I think natural gas is going to "explode". I don't know if this will happen in the next months or, as the demand tends to drop during the warmer months in the northern hemisphere, we will see the peak in fall.
You're seeing a projection of last year's rise here with its high in the 1st half of October. But I think this could be extremer.
Germany/Europe will demand Russian gas, which will get more expensive and/or less exported. So they will, of course, require US natural gas. And worldwide inflation plays another role in this ...
Commoditiessupercycle
Lower commodity prices before higher $96 first, $80s nextEveryone's bullish commodities and calling for a supercycle and a breakout here. However, every commodity chart looks like it's in the process of topping or has already topped.
Then if you look at this chart, it just hit resistance again and hasn't been able to break through.
The highest probability scenario to me here is that we reject and fall lower to $96, then rally over summer, and fall lower in the fall/early 2023 to find a bottom in the $80 region.
After that, I can see the case for commodities to rally, but don't think commodities are going to go up here like everyone thinks.