Natural Gas: Bottoming Out May Turn Into Breakout, If Trump-Xi Find Success
Satendra Singh | Jun 24, 2019 12:14PM ET
On analysis of the movements of Natural Gas futures, I find that it looks ready to take a steep upward move, before Presidents Donald Trump and Xi Jinping make a successful deal to end tariff trade war on June 28-29, 2019. I find that the side-line meetings during G 20 summit for fixing the final meet between both presidents have enhanced hopes amid natural gas traders for a positive outcome.
A successful deal on the tariff trade-war front will negate the over-supply issue of Natural Gas due to diversion of a good chunk of US Natural Gas to China; where growing efforts to promote the use of more and more Natural Gas to keep the environment clean are evident enough for growing demand for Natural Gas during the upcoming weeks for industrial and domestic use.
Watch my video on Natural Gas below.
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