NATGASUSD 3.5 here we go, might take another week or two but we’re heading thereNatural Gas (XNGUSD) forum
NATGASUSD 3.5 here we go, might take another week or two but we’re heading there
NATURALGAS trump is going to be celebrating tonight with hookers and pornstars for crashing the markets for the second day
NGAS after seeing what just happened with Oil, i honestly dont think $3 is out of the question
NATURALGAS 2nd hit on the 4.0 floor
NATURALGAS algos are buying 4.00 again but we are currently at the recovery from a swing low. Personally I’m not eager to buy this time unless we make a higher low followed by a higher high. Let’s see how things are once price starts challenging the highs again so far bulls look weaker than yesterday but in 1h NY session starts and we might get more clarity on direction today.NATURALGAS cmooon Donkey Kong Pump it to 4.15 again pls
NGAS Remember, 4 dollars is a concrete floor, reinforced with rebar, supported by a grid of tungsten beams, underneath which lies a SOLID platform of diamond.NATURALGAS Well it looks like China isnt interested in Donnys LNGNATURALGAS has anyones broker gone crazyy with the pricing mine is showing 25x the normal price it should be
NATGAS Pretty crazy the markets are effetively crashing due to demand destruction and higher potential for recession and NG is not moved.I suspect there has fo be a waterfall moment coming up soon.
Next weeks report is also super bearish, it's set to wipe a large amount of storage.
As of today, from the data I have, storage is only -2.5% from the 5 year average. Roughly -45bcf.
We've affectively wiped the deficit, we'll be back in a decent surplus by the end of May.
Fair value right now should be $3.2 in my opinion.
If you're looking far out, summer is set to be cooler this year for the US, Winter is set to be warmer as we move from La Nina into El Nino.
Something else to watch, Hurricane season starts soon (June Onwards). They're expecting a very active Hurricane Season this year with 18 Named storms expected.
Many expect a repeat of last year.
I'm personally short and continuing to add.
This price makes no sense to me with Power Suppliers switch to Coal, Renewables and Oil right now.