Nat Gas is in a sideways trading range for awhile, until it can break out above $3.50 and hold, then it has the potential to go to $4.00 and possibly $5.00 on an catalyst and extreme move.
Comment:
Nat Gas is in a sideways trading range for a while, until it can break out above $3.50 and hold, then it has the potential to go to $4.00 and possibly $5.00 on a catalyst and extreme move.
Below is a look at the long-term chart for Nat Gas, any move past $5 was an extreme verticle rise and is usually caused by a Catalyst like Geopolitical uncertainty or a disruption to supply.
Going into the winter, if Nat Gas goes below $3.00 it's probably a buy. Most analysts' consensus is that the average price for Nat gas during this winter will be $3.50, so think of this as the medium price for the next few months, and buy or sell this when we are way below or above this median mark... + or - $0.50 from it would be a $3.00-$4.00 Trading Range.
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Below is a look at the long-term chart for Nat Gas, any move past $5 was an extreme verticle rise and is usually caused by a Catalyst like Geopolitical uncertainty or a disruption to supply.
Going into the winter, if Nat Gas goes below $3.00 it's probably a buy. Most analysts' consensus is that the average price for Nat gas during this winter will be $3.50, so think of this as the medium price for the next few months, and buy or sell this when we are way below or above this median mark... + or - $0.50 from it would be a $3.00-$4.00 Trading Range.
Seeking Financial Liberties