34 replies to this topic

[K Wave]

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.

[K Wave]

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.

 

 

[Ken]

 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.

[Ken]

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.

[dougie]

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