NATGAS Many countries looking to break away from US natgas now. Turkey and Bulargia are looking to increase their Russian natgas flows to supply Europe. China is obviously boycotting the US.
Exports are down quite a lot over the weekend. Production is up decently. Canada exports to the US are higher. Demand has tanked pretty hard for now.
Gap down seems extremely likely. I suspect $2.5 is perfectly viable mid to long term target.
This can obviously all change instantly, if the relationships change.
NATURALGAS it is going to go below 2$ no more buyers as no money to buy poor american will only sell now😂😂😂they are buying bonds now to secure them self😂😂
NATURALGAS swing low today, breaking structure at 4h and indicating possible downtrend continuation. After the swing low of today the market appears exhausted at 1h, 15m but still show potential for further downtrend at 4h and 1d since the relevant oscillators are not yet oversold for 4h and 1d (indicating there's still room for further drop). However, 3.90-3.85 is a support area for the 1h chart and we need to see this broken as well for a possible target at 3.75 (and if this breaks) 3.55 next. The 4.00 was broken today and in a downtrend the broken support tends to get retested for resistance, this retest happened at 17:10 CET if you check the 5m chart, therefore further downtrend continuation might be present here and a breakdown of 3.85 with volume will increase my bias towards possible target at 3.55. Charts from left to right: 1d, 4h, 1h, 15m, 5m Good luck everyone!
NATGAS Many countries looking to break away from US natgas now.
