What a disaster Natural Gas has been over the last 6 months. Is it finally turning around?
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Natural gas surges to highest level since 2008 as Russia’s war upends energy markets
https://www.cnbc.com/2022/04/18/natu...y-markets.html“With momentum firmly bullish and the market ill-equipped to handle any further bullish shocks, notable continued gains for natural gas remain likely this summer,” EBW Analytics noted. The firm added that a “bullish weather shift” has sent the U.S. market into “overdrive.”
Tom
Market Commentary | My Blog | TSP Talk Plus ||
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
What a disaster Natural Gas has been over the last 6 months. Is it finally turning around?
![]()
Tom
Market Commentary | My Blog | TSP Talk Plus ||
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Still no life in the NatGas chart, but that's a pretty good positive divergence in the PMO indicator (price momentum).
Like silver, this is very tough to trade.
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Tom
Market Commentary | My Blog | TSP Talk Plus ||
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
That UNG is going to have to perform a reverse split soon. $6 a share?
Futures in Nat Gas are sitting on major support right now at the 1.6-1.8 level. 2009, 2012, 2016, 2020 saw bounces resulting in some multi-year rallies.
Tom
Market Commentary | My Blog | TSP Talk Plus ||
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
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