A Bearish Flag of sorts could be in play here
Updated
This looks rather interesting. Current level is important and if we break below it, we may see a significant drop fairly quickly.
Those Petroleum bankruptcies everyone expected might not even happen. Demand is down, exports are down, oil price is likely to continue upwards, it's summer time with a lot of empty office buildings.
I wouldn't be surprised to see Natural Gas at 1,3$ this month even.
Those Petroleum bankruptcies everyone expected might not even happen. Demand is down, exports are down, oil price is likely to continue upwards, it's summer time with a lot of empty office buildings.
I wouldn't be surprised to see Natural Gas at 1,3$ this month even.
Comment
Picture is much clearer when current contract is observed. <retested flag>
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