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Natural Gas May Seem To Be In A Bottomless Pit But...

Published 06/03/2016, 14:10
Updated 09/07/2023, 11:32
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You may be hearing all sorts of negative news on natural gas and oil. Oil already started showing signs of life in the wake of massive of company bankruptcies and layoffs. Every action causes a reaction and markets are all about that. Natural gas story is exactly the same. We will see years of relentless rally once the energy choice becomes the 'cleaner' gas instead of coal. This chart simply explains why natural gas price was crashing until December and then staged a massive 30%+ rally and now back to new lows. The major trend channel's bottom band is about to get hit for the third time and we expect it to be the multi decade low at around 1.530. If it does hit that bottom band we are ready to bet the house on Natgas.

Natural Gas Chart

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