Natural gas - forecast & how to trade

Natural gas price retraced several times from resistance at 2.89 and is now in correction wave c which should finish at 2.68-2.7 and as latest at 2.57. The natural gas production will be again higher in 2019 but the demand is near historical top and traders expect lower demand because winter is over in most of the important demand countries. In my opinion will the price move for a while within the trading range from 2.9 - 2.55 al already shown one of my analysis. If 2.55 breaks down we can expect further down movement to at least 2.00. if the supply is constantly increased but the demand remains so low the price will fall sooner or later...

this is the current forecast of US energy information administration which include the biggest supply and demand market for natural gas. --> www.eia.gov/outlooks...eo/report/natgas.php

Kommentera:

still waiting for a good long entry