Situs Slot Gacor Slot Gacor Gampang Menang Situs Slot Gacor

Forecast for natural gas prices – fall in natural gas markets

The natural gas markets have declined to show signs of real weakness at the opening on Monday, as we hit the $ 4.75 region again. This is an area that has been supportive several times, and on today’s diagram I have drawn what can be seen as a potential descending triangle. In other words, as time goes on, it becomes increasingly likely that we have posted the peak for the winter. Remember that we are trading the January contract, so that would be a certain meaning. If weather forecasts start to take into account warmer temperatures in late January / early February, it will put even more pressure on this marketplace.

NATGAS Video 30.11.21

There are concerns about industrial demand, but honestly I think it̵[ads1]7;s just cyclical noise. You could also argue a bit for a “complex head and shoulders”, but the biggest problem with natural gas is that it is an exceptionally noisy market, and therefore still need to be very careful about the size of the position for each trade. You only add when the market shows up. If we break below the $ 4.75 level on a daily close, I’ll move the whole narrative to bearish positioning. In fact, the triangle measures for a move down to the $ 3.00 range, which would probably be a more long-term situation. Ultimately, the market will decide what it will do next, but after the Monday candlestick one has to ask if we have enough speed to change this general attitude? Remember you are talking about futures markets here, not how the weather is today.

Source link

Back to top button