This blog is a free service since the beginning. If this site has contributed to your trading/investing style in any way and you feel generous today, there are two donation buttons on the left side. Thanks for supporting this site by turning off your ad-block software and visiting the adverts.
Hi Bouraq, do you know what's causing Natgas to be so bearish? Does the shale gas prices follow Natgas pricing? When do you think the next bull cycle for Natgas? many thanks...
Thomas, Natgas is all about shale gas of course. That's the entire reason why prices fell below $2 from $16 before rising to $6. Now we are in a very long consolidation period before the next rally leg. I don't think shale gas will keep the natgas prices low forever as low prices will attract consumption. I expect the price to fall to $3.15 level before the next bull cycle.
very nice Natgas trade Bouraq
ReplyDeleteHi Bouraq, do you know what's causing Natgas to be so bearish? Does the shale gas prices follow Natgas pricing? When do you think the next bull cycle for Natgas? many thanks...
ReplyDeleteThomas, Natgas is all about shale gas of course. That's the entire reason why prices fell below $2 from $16 before rising to $6. Now we are in a very long consolidation period before the next rally leg. I don't think shale gas will keep the natgas prices low forever as low prices will attract consumption. I expect the price to fall to $3.15 level before the next bull cycle.
ReplyDeleteThanks David.
ReplyDelete