TonyTiger84

Natural gas - Dec 20, 2022

Short
I think that the NG price may continue to head down for a little bit. It looks like it may push through this current support around $5.3 (although it may have some small support here) and then head even lower. You can see the price should find some support from an old trendline and price levels around $4.80. I'm looking at that area as a place where we could do a buy (swing trade) if it looks like it's getting support there and market conditions are right (weather/supply).

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.