Natural Gas: Reversal Could Be Steeper To Breach $3 Shortly
Satendra Singh | Dec 03, 2020 10:24AM ET
After a steep fall, Natural Gas futures look to find strong support at the level of $2.5; before a steep reversal on the announcement of impending inventory today. The currently prevailing cold weather could generate more heating demand for natural gas; could result in more withdrawals during the upcoming weeks. There is no doubt that the bulls will not leave this golden opportunity to go long from here to hit the short-term target at $3.
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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