Fundamental rationale:
Stocks: +117 Bcf above average, bearish pressure.
LNG exports: Decline by 1.1 Bcf/d, reinforces the bearish sentiment.
Weather: Warm weather, weak demand (-0.2 Bcf/d).
COT: Net positions of Managed Money -113.9K (May 27), short positions dominate, supporting the bearish scenario.
LNG terminals have been serviced, which reinforces the bearish background.
Conclusion: Bearish sentiment due to stocks, exports and COT.
The technical picture
The mirror level is 3.80 .
False breakout of 3.80 $3.80, long shadows.
An upward wedge on H2.
ATR 0.20 (+25% above average), correction risk.ADX ~20, VWAP ($3.76) confirms the bearish signal.
stop ATR based .
Take 1 to 3 and 1 to 5
Stocks: +117 Bcf above average, bearish pressure.
LNG exports: Decline by 1.1 Bcf/d, reinforces the bearish sentiment.
Weather: Warm weather, weak demand (-0.2 Bcf/d).
COT: Net positions of Managed Money -113.9K (May 27), short positions dominate, supporting the bearish scenario.
LNG terminals have been serviced, which reinforces the bearish background.
Conclusion: Bearish sentiment due to stocks, exports and COT.
The technical picture
The mirror level is 3.80 .
False breakout of 3.80 $3.80, long shadows.
An upward wedge on H2.
ATR 0.20 (+25% above average), correction risk.ADX ~20, VWAP ($3.76) confirms the bearish signal.
stop ATR based .
Take 1 to 3 and 1 to 5
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Хочешь хороших денег – умей выжидать
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。