Since 1th June NG is in a double ascending chanel, and we saw rejection when price touched 4H MA100, confirming the bullish trend. On MACD side, when bottoming buyer and seller fight below positive, now it is near neutral to positive.
Dear Trader As my last NG ideas multiple factors on long terms are pointing higher high, today injection was +76 on forecasted +83, it is very bullish, especially knowing how it was still cooler temperature than actually We expect storage injection keep getting bullish as we will soon enter july and august depleting storage for winter, any more catalyst like El...
Dear Traders, As we can see on higher time : - Weekly MACD just crossed into a buy position and it is heading toward positive area - Daily We have MA20 crossing MA50 and MA100 and MA50 crossing MA100 As you can expect those bullish cross is well timed with a heat wave we are about 90 CDD above average for +35 GFS long term run, same for ECMWF but with...
Natural Gas since 12th June followed an upper trend channel with lower than expected injection through several weeks, although temperatures were cooler than average. Higher temperatures are showing with texas being the main catalyst but a higher injection on last weekly report are increasing volitily of the natural gas market. On technical basis, we are having...