Natgas went on a little bit of a run however I expect further downside with no short squeeze or "new bottom" in sight for the moment. I am expecting pullback to the 2.22 area where enthusiasts can go long.
I suspect natgas will struggle to get much over 2.7 (and albeit only gradually increase) as a result of an increase in production/storage and poor(er) economic conditions. As a rule of thumb, the energy/gas/oil sector performs quite poorly during poor economic times.
Weather can play a crucial factor in short squeezes during specifically, winter months and it is expected to be colder than normal for only about 1/3-1/4 of the USA for 2019/2020 which will limit any "epic" short squeezes during the winter months.
- zSplit
I suspect natgas will struggle to get much over 2.7 (and albeit only gradually increase) as a result of an increase in production/storage and poor(er) economic conditions. As a rule of thumb, the energy/gas/oil sector performs quite poorly during poor economic times.
Weather can play a crucial factor in short squeezes during specifically, winter months and it is expected to be colder than normal for only about 1/3-1/4 of the USA for 2019/2020 which will limit any "epic" short squeezes during the winter months.
- zSplit
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.