natural gas

natural gas

Monday, November 16, 2015

Natural Gas Corner - Technical Update - Has A Long Term Low Been Set In The Natural Gas Market?


The natural gas monthly chart shows the entire price history for the natural gas futures contract dating back to the early-1990’s.

The recent low set in October at 1.948 is shown in red in comparison to the previous monthly low also shown in red at 1.902 from April 2012.

The inability for the market to drop down to a new 3-year low was a bullish signal and could indicate a long term, multi-year low has been set in the market.

No comments:

Post a Comment