Natural Gas

[tsptalk]

Natural gas surges to highest level since 2008 as Russia’s war upends energy markets

“With momentum firmly bullish and the market ill-equipped to handle any further bullish shocks, notable continued gains for natural gas remain likely this summer,” EBW Analytics noted. The firm added that a “bullish weather shift” has sent the U.S. market into “overdrive.”

https://www.cnbc.com/2022/04/18/nat...008-as-russias-war-upends-energy-markets.html

 

[tsptalk]

What a disaster Natural Gas has been over the last 6 months. Is it finally turning around?

 

[tsptalk]

Still no life in the NatGas chart, but that's a pretty good positive divergence in the PMO indicator (price momentum).

Like silver, this is very tough to trade.

 

[Bullitt]

That UNG is going to have to perform a reverse split soon. $6 a share?

Futures in Nat Gas are sitting on major support right now at the 1.6-1.8 level. 2009, 2012, 2016, 2020 saw bounces resulting in some multi-year rallies.

 

[tsptalk]

That UNG is going to have to perform a reverse split soon. $6 a share?

Check out BOIL, the 2X leveraged ETF for NatGas. :laugh: