So, we are back with another trend analysis and new support/resistance levels.
We have had a major pullback from our latest resistance level of 3 back to around 2.8~. Which is fine, its natural.
But I still strongly believe in a major bull run and upside in natural gas, which is why I believe we have to go higher, and we will in the last 2 quarters of 2023.
We have resistance level around 3.3~ - this was tested back in October/November 2020 and most recent around January 2023. This is my first target price (TP 1).
What happens after this is hard to guess at this point of time.
Will we have another energy crisis? What about the war in Ukraine and Russia? My best guess is that we will go higher after reaching 3.3 – but only time will tell.
Let me know what you guys think!
Good luck!
We have had a major pullback from our latest resistance level of 3 back to around 2.8~. Which is fine, its natural.
But I still strongly believe in a major bull run and upside in natural gas, which is why I believe we have to go higher, and we will in the last 2 quarters of 2023.
We have resistance level around 3.3~ - this was tested back in October/November 2020 and most recent around January 2023. This is my first target price (TP 1).
What happens after this is hard to guess at this point of time.
Will we have another energy crisis? What about the war in Ukraine and Russia? My best guess is that we will go higher after reaching 3.3 – but only time will tell.
Let me know what you guys think!
Good luck!
Comment:
WEl.. we could not have gone more in the wrong direction compared to my initial thoughts :D
BUT! we are reaching a support/resistance level - which should provide a pillow and make us bounce back.
I still believe, that we are going to see a major spike in the natural gas prices - based on the weatcher, supply/demand pattern and overall situation in the world.
So lets see if we can "still" follow my arrows/thoughts - but delayed.
Good luck! and have a nice weekend when you get that far!
BUT! we are reaching a support/resistance level - which should provide a pillow and make us bounce back.
I still believe, that we are going to see a major spike in the natural gas prices - based on the weatcher, supply/demand pattern and overall situation in the world.
So lets see if we can "still" follow my arrows/thoughts - but delayed.
Good luck! and have a nice weekend when you get that far!
Comment:
Hi all, it has been a while.
Taken some time of to think about this trend and potential move.
The price has been bouncing between our 2 support/resistance levels.
I still believe in a move towards the upper resistance level of 3~.
If it will be the next week we hit it - i can have my doubts - but i STRONGLY believe it will be in September.
So stay strong!
Good luck!
Taken some time of to think about this trend and potential move.
The price has been bouncing between our 2 support/resistance levels.
I still believe in a move towards the upper resistance level of 3~.
If it will be the next week we hit it - i can have my doubts - but i STRONGLY believe it will be in September.
So stay strong!
Good luck!
Comment:
It has been so delayed, but we finally "touched" the upper resistance level of 3~
Even tho it annoys me, that it took longer than expected...
But then the big question - WHATS NEXT?!
I have had a couple of you guys texting me for a new update and what the plan should be - and here it is!
I still believe in a move higer up, especially here in the winter months - but ONLY if we get the cold weather, no wind and no rain - then this should be perfect for an increase in natural gas and therefor a move upwards!
let me hear your thoughts!
Good luck!
Even tho it annoys me, that it took longer than expected...
But then the big question - WHATS NEXT?!
I have had a couple of you guys texting me for a new update and what the plan should be - and here it is!
I still believe in a move higer up, especially here in the winter months - but ONLY if we get the cold weather, no wind and no rain - then this should be perfect for an increase in natural gas and therefor a move upwards!
let me hear your thoughts!
Good luck!
But stick to the plan guys, the energy numbers, usage, and demand are still good and positive for this move. So, I still believe we have a solid foundation and structure behind this plan and move.
We might be a bit delayed compared to my first sketch, but it will follow this trend and still hold the support/resistance levels.
Let me know what you think and how you handle times like this and if you still believe in this plan!
Good luck!