Natural Gas Bulls May Push Prices Higher. Levels To Watch
Satendra Singh | Jul 12, 2020 05:04AM ET
$1.794 could be a right level to go long on Natural Gas Futures, as the bulls could hit their likely $2.60 target at any time during the upcoming weeks.
The natural gas storage level of 56 Bcf may indicate that we can expect decreased storage levels in the weeks ahead. This combined with cooling demands from summer months may attract bulls. With the uptrend remaining intact, watch for a gap-up series.
Disclaimer: The author of this analysis does not have any position in Natural Gas futures. Readers are advised to take any position at their own risk; as Natural Gas is one of the most liquid commodities of the world.
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