bottom_scalper

2018.12.18 Natural Gas Short-term predictions

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FX:NGAS   Naturgas (Henry Hub)
Weather is pointing to a possible cold weather returning sometime in January, but still too far out to be certain. However, looks like bears have starting covering their positions and are flipping long again in anticipation for the next winter spike. I'm short-term bullish. I think we get a technical bounce as high as 4.05 before we see some light profit taking. Strategy for now is to buy the dips until we get to 4-4.05. Until return of cold weather is confirmed on the backend of weather models, I think 4.05 will be HIGH for now. Good luck everyone

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