💥 Natural Gas Gas Gas 📈Do I have to recap the current geopolitics for you? Germany is navigating to its black-out because the gas supply from Russia is being capped (stupid German politicians but okay). Because of the lack of nuclear energy, the Europeans will have a certain electricity problem - at least Germany in the coming winter. So, they will import US natural gas on a large scale.
That's the story in a nutshell. The FED and ECB have bloated the circulating money so that some inflation will play its part too.
Looking at the technicals:
We are about to break this triangle formation to the upside. If this breakout gets confirmed, I'm expecting perhaps a re-test of the trendline or breakout level and then a further upward move.
According to the seasonality of the last ten years, Natural Gas has the first spike at the end of April , after this a little bit higher after the middle of May before dropping hard at the beginning of June .
Honestly, I don't know if the seasonality in these global circumstances plays a dominant role. It depends on how strong the inflation kicks in. So I'll decide later if I exit my position in May or if I hodl until October/November.
No investment advice - just my 2 cents on this topic. ;)
