Natural Gas (XNGUSD)Short
Short Natgas to 2007
There is a clear oversupply and weakened demand for Natgas and now the hurricane is reducing LNG distribution.2007 is the target as a low support on the daily and just above the big round number. Estimate to hit this week.
Note
Trend line break confirms short.Note
There is also an unresolved gap at 1600 level from Feb of this year.
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