NATGAS video 30.11.21
There are concerns about industrial demand, but quite frankly I think it’s just cyclical noise. You can also argue for a ‘complex head and shoulders’, but the biggest problem with natural gas is that it is an extremely noisy market, so still be very careful with size. of your position of each transaction. You only add when the market proves its worth. If we fall below the $ 4.75 level on a daily close, I will move my entire narrative to bearish positioning. In fact, the triangle measures a downward movement in the $ 3.00 area, which would likely be more of a longer term situation. Ultimately, the market will decide what it wants to do next, but after Monday’s candlestick, the question is whether or not we have enough momentum to change this overall attitude? Remember, you are talking about the futures markets here, not the weather today.