Natural Gas Nears Double Bottom
Jenny Rebekka | Feb 22, 2017 04:06PM ET
The commodity natural gas has collapsed over the last few weeks. At the start of January 2017, natural gas was trading as high as $3.75. It now trades at $2.60. This is an insane drop of 30% in less than two months. As natural gas collapses, investors should be ready to buy the double bottom low of $2.47 from February 2016. There should be a hard technical bounce, maybe as much as 20-25% higher.
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