BETAPRO NAT GAS LEV DAILY BULL ETF SHS (POST REV SPLIT)

Long

Bull Play on Natural Gas

By wealth_bakery

Updated

Natural Gas entered oversold area on the weekly chart yesterday. Historically, it doesn't happen often but, when it does, an eventual bounce always follows. HNU, which tracks, currency.com Natural Gas futures, has completed a bullish MACD cross despite recent drop. Nat Gas MACD, likewise, is showing a bullish divergence vs price.

Note

"Most dry gas wells will need prices between $2.70 and $3.20 to be profitable" enerdynamics.com/Energy-Insider_Blog/Are-Natural-Gas-Prices-Below-3-Sustainable.aspx

Chesapeake CEO Urges Slowdown in Natural Gas Output After Price Plunge bloomberg.com/news/articles/2023-01-18/chesapeake-boss-urges-slowdown-in-gas-output-after-price-plunge

Freeport LNG Files For Restart, Awaits Regulatory Response
oilprice.com/Latest-Energy-News/World-News/Freeport-LNG-Files-For-Restart-Awaits-Regulatory-Response.html

I am still bullish.

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