Since my last analysis, on analysis of the movements of Natural Gas futures, in different time frames, I find that the growing hopes for an early resolution of tariff trade war will keep the uptrend intact. No doubt that after resolving the trade war issue, both the United States and China will try to fulfill each-other's industrial needs. I find that a peaceful international scenario will result in outflow of U.S. LNG not only towards China, but also encourage other countries to purchase Natural Gas to meet their industrial needs. Secondly, China’s clean energy drive will require more Natural Gas during the upcoming weeks. I find that this entire scenario will offset the oversupply issue; and will enhance the pace of strong upward moves during the upcoming week.
Disclaimer
1. This content is for information and educational purposes only and should not be considered as an investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital be involved which you are prepared to lose.
2. Remember, YOU push the buy button and the sell button. Investors are always reminded that before making any investment, you should do your own proper due diligence on any name directly or indirectly mentioned in this article. Investors should also consider seeking advice from an investment and/or tax professional before making any investment decisions. Any material in this article should be considered general information, and not relied on as a formal investment recommendation.