SIGNAL TERMINATION – NATURAL GAS LONG – TAKE PROFIT
ORIGINAL TEXT: Natural Gas Long. Capital Analysis analysts currently hold the published long-term assumption for natural gas. To this day, the market has been slowly sliding down the support line to lower prices. But Capital Analysis’s long-term forecast of a declining inventory trend is slowly coming. Today’s natural gas reserves could bring the desired reversal. After all, a significant reduction in inventories of more than 80 million BTUs should start a new growth. Until now, weekly inventory changes have been at the level of a few million units. The current expectation, however, is a decline in inventories of more than 85 million BTUs. For this reason, analysts publish another long assumption suitable for both new opportunities and averaging strategies.
Chart source: WebTrader