Natural Gas traders have not decided which way to break out yet. Lots of supply however, price is already low and production is expected to continue trending down. I imagine Summer heat might come into play soon but if there's any hint of production ramping back up, look out below.
Breaking up: Looking for sellers at the two fib levels above.
Breaking down: Looking for buyers in the $1.48 - $1.60 range.
(Fib Extension Nov-25-2019)
Breaking up: Looking for sellers at the two fib levels above.
Breaking down: Looking for buyers in the $1.48 - $1.60 range.
(Fib Extension Nov-25-2019)
註釋
Production ticking up... timberrrrrrrrrrrr!Technical bounce highly likely from this buy box [$1.43 - $1.60]
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