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Time to get GAS?


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#31 K Wave

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Posted 03 February 2023 - 10:15 PM

I believe that when it finally clears the 3 min line, then explosion upside could come, especially if it clears 5 min on same move.

 

You never know whether this kind of low will be a V back up, or take time to bottom. But I think we are close.

 

3 min

 

 

5 min

 


Edited by K Wave, 03 February 2023 - 10:15 PM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#32 K Wave

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Posted 03 February 2023 - 10:20 PM

My guess if we see a test of hourly 900 over coming weeks, wherever it may at the time of intersection.

 

Currently way above today's price.

 

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#33 Ken

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Posted 04 February 2023 - 03:47 AM

 Am guessing we see at least 3.75 at some point in coming weeks, and that would be a huge gain from here.

 

This is absurdly oversold.

 

 

 

 

K Wave, I totally agree with you that natural gas is extremely oversold as of Fri, Feb 3rd.  I actually can't believe how far and how fast it has fallen.

 

Natural gas has already declined 7 consecutive weeks.  It's extremely rare for anything to decline for 8 straight weeks.  It has happened in the past. I've checked but it's very,very rare.  Will natural gas fall for an 8th consecutive week?  A bottom has to be in here real soon.

 

In addition, the current 45 day simple MA is $4.50 and falling.  But it will eventually tag the 45 day MA again and I suspect like you natural gas will get back up the $3.75 area.  I even think it could go higher than that.  This sell off is beyond ridiculous. It's worse than Bitcoin.



#34 Ken

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Posted 06 March 2023 - 07:04 AM

Today on Mon, March 6th natural gas is down 11.47% at $2.664 on NO news!  How the hell does anything fall 11.47% on absolutely no news?

 

It is apparently clear that natural gas is being manipulated lower in all probability to punish Russia.


Edited by Ken, 06 March 2023 - 07:04 AM.


#35 dougie

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Posted 02 April 2023 - 09:58 PM

I see that Oil production cuts have sent NG into the toilet!