Chart looks great, been buying it since 2009 on lows, when topping formations occur, hedge open profits, still waiting for it to break 6.
Not enough natural gas to calm a global price rally
- Thread starter themickey
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Chart looks great, been buying it since 2009 on lows, when topping formations occur, hedge open profits, still waiting for it to break 6.
Have reversed in Nat Gas/hedged, don't know if highs are in, but...
Agree, pullback is in order, run a little too hot recently.
Agree but mkt does what is least obvious, it may pullback, it may rise. I was reading today about ruskies and nordstream, https://www.ft.com/content/5ec6b18d-c855-408d-acad-cb5779d101a8
"Russia’s position as a reliable gas supplier to Europe is in the dock. Record prices across the UK and continental Europe have drawn attention to lower supplies of natural gas from Russia this summer, leaving many questioning whether a quiet squeeze of the market has been executed by Moscow. The aim, the theory goes, would be to boost prices to such a level that Germany rushes through the approval of the politically controversial Nord Stream 2 pipeline, the construction of which — now completed — was beset by US sanctions and opposition from countries in eastern Europe......"
I think for short term, NG is a bit toppy, it may see a short term pullback, longterm I'm bullish.