Natural gas price retraced several times from resistance at 2.89 and is now in correction wave c which should finish at 2.68-2.7 and as latest at 2.57. The natural gas production will be again higher in 2019 but the demand is near historical top and traders expect lower demand because winter is over in most of the important demand countries. In my opinion will the price move for a while within the trading range from 2.9 - 2.55 al already shown one of my analysis. If 2.55 breaks down we can expect further down movement to at least 2.00. if the supply is constantly increased but the demand remains so low the price will fall sooner or later...
this is the current forecast of US energy information administration which include the biggest supply and demand market for natural gas. --> www.eia.gov/outlooks...eo/report/natgas.php
this is the current forecast of US energy information administration which include the biggest supply and demand market for natural gas. --> www.eia.gov/outlooks...eo/report/natgas.php
評論:
still waiting for a good long entry
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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