SIGNAL REMINDER – NATURAL GAS LONG
We would like to remind you of the already published analysis from 3.11.2020 on the rise in the price of natural gas. The current correction is an interesting opportunity to board a running train. Inventory statistics will be published today at 5:30 pm GMT + 1. A significant decline in inventories compared to last week is expected. At the same time, it is necessary to take into account yesterday’s surprising API oil statistics. There has been an unexpected decline here, and this may happen today for natural gas.
ORIGINAL TEXT: Natural Gas Long. Natural gas continues its upward trend. The current correction is a gift for all long traders, because they know that seasonality is unquestionable. From a technical point of view, the analysis has the potential in the order of tens of percent for the investment. The closest resistance is the exchange rate around 3.7.
Graph source: WebTrader
Picture source: Forexfactory.com