Natural Gas: Near A Breaking Point
Natural Gas: Near A Breaking Point
After so much time in correction, Natural Gas showed its real nature.
The price yesterday rose by nearly +8.5% and tested a very strong zone at $3.00
The total price increase from the bottom of the daily wave, which lasts almost 7 days, corresponds to a price increase of about +21.80%.
Chances are high that the market can release liquidity again by driving the price lower considering that the price zone near $3 tested by NG dates back to March 2023.
Thanks and good luck!
After so much time in correction, Natural Gas showed its real nature.
The price yesterday rose by nearly +8.5% and tested a very strong zone at $3.00
The total price increase from the bottom of the daily wave, which lasts almost 7 days, corresponds to a price increase of about +21.80%.
Chances are high that the market can release liquidity again by driving the price lower considering that the price zone near $3 tested by NG dates back to March 2023.
Thanks and good luck!
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