Natural Gas prepares for the takeoff
Natural gas is trying to find a dip after a correctional move, and may pullback higher.
Here's why:
The net position for commercial traders for Natural Gas futures from Nymex had reached the 2-year peak, which potentially means the imbalance in supply/demand equilibrium.
The fair price for Natural gas is calculated at between $3 and $4 per contract (10k MMBtu) according to energy administration of the United States.
Technically, it moves in a visibly strong uptrend and may contiunue to advance higher as pointed on the chart.
Don't forget - this is just the idea, always DYOR and manage your risk!
Here's why:
The net position for commercial traders for Natural Gas futures from Nymex had reached the 2-year peak, which potentially means the imbalance in supply/demand equilibrium.
The fair price for Natural gas is calculated at between $3 and $4 per contract (10k MMBtu) according to energy administration of the United States.
Technically, it moves in a visibly strong uptrend and may contiunue to advance higher as pointed on the chart.
Don't forget - this is just the idea, always DYOR and manage your risk!
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