Natural Gas FuturesUpdated Natural Gas - Fib Analysis
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)
Note
Production ticking up... timberrrrrrrrrrrr!Technical bounce highly likely from this buy box [$1.43 - $1.60]
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.