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Will Natural Gas Breakout Or Breakdown Next?

Commodities / Natural Gas Jan 14, 2019 - 12:47 PM GMT

By: Chris_Vermeulen

Commodities

We called the move from $4.75 to $2.90 in Natural Gas, and our predictive modeling solutions are suggesting a new upside rally in price is setting up for early Spring.

Very cold weather across the Northwest and Eastern US, as well as moderate demand globally, should prompt a renewed rally in Natural Gas through at least March or April of 2019. A move to, or above, $3.30~$3.40 would indicate there is little chance of a Washout-Low price formation and that a new rally is in place.


Over the past week, we have been remained bearish on natural gas but Friday’s strong close and Sunday nights price of natural gas futures showing a 7% pop signals a potential trend change happening.

In short, natural gas was oversold, its been testing the $3.00 whole number which acted as support for the price. Also, our cycle analysis does point to higher prices from here. The trend had not fully reversed, but it appears to be doing that as of this writing.

We believe Natural Gas provides an excellent opportunity for a move back to near $4.20~$4.40 as the extended cold weather and global demand continue to put renewed pricing pressure on this commodity.  We believe the next upside move could be very fast regarding upside price recovery.

While natural gas is can provide some explosive moves for short term gains, if you are a short term trader looking for pre-market trade setups, and morning gap trades similar to the 8 winning trade setups we had last week be sure to check out our last post on Price Spike Trades, and Gap Windows!

Visit www.TheTechnicalTrader.com to learn how we can help you find and execute better trades in 2019.

Chris Vermeulen
www.TheTechnicalTraders.com

Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic

Through years of research, trading and helping individual traders around the world. He learned that many traders have great trading ideas, but they lack one thing, they struggle to execute trades in a systematic way for consistent results. Chris helps educate traders with a three-hour video course that can change your trading results for the better.

His mission is to help his clients boost their trading performance while reducing market exposure and portfolio volatility.

He is a regular speaker on HoweStreet.com, and the FinancialSurvivorNetwork radio shows. Chris was also featured on the cover of AmalgaTrader Magazine, and contributes articles to several leading financial hubs like MarketOracle.co.uk

Disclaimer: Nothing in this report should be construed as a solicitation to buy or sell any securities mentioned. Technical Traders Ltd., its owners and the author of this report are not registered broker-dealers or financial advisors. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer. Never make an investment based solely on what you read in an online or printed report, including this report, especially if the investment involves a small, thinly-traded company that isn’t well known. Technical Traders Ltd. and the author of this report has been paid by Cardiff Energy Corp. In addition, the author owns shares of Cardiff Energy Corp. and would also benefit from volume and price appreciation of its stock. The information provided here within should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. Technical Traders Ltd. and the author of this report do not guarantee the accuracy, completeness, or usefulness of any content of this report, nor its fitness for any particular purpose. Lastly, the author does not guarantee that any of the companies mentioned in the reports will perform as expected, and any comparisons made to other companies may not be valid or come into effect.

Chris Vermeulen Archive

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