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.
Note
Picture is much clearer when current contract is observed. <retested flag>
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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.