6
JMby u/johnson_marcus·13hDiscussion

Natural Gas Rebound - Short-term Noise or Shifting Fundamentals?

Watching $NATGAS today with its move up to 2.839. It's interesting given the recent volatility. While the percentage gain is notable for the day, I'm trying to gauge if this is just short-term speculative action or if there's a more fundamental shift in supply/demand coming into play. With last week's inventory numbers still in mind, I'm not ready to call for a sustained breakout, but I am keeping it on my watchlist for any confirmation of a trend reversal above previous resistance levels. Always tricky with commodities driven so much by weather and geopolitics.

0 comments · 6 points

0 Comments

No comments yet. Be the first.

More like this