US Natural Gas posted a great decline on Friday at the close of the markets. I am highlighting it because it is the greatest decline among the commodities I am watching. The fall was about 3%.
With demand down for energy, I foresee further fall in prices next week. This is a good time to short.
With demand down for energy, I foresee further fall in prices next week. This is a good time to short.
Komentarz:
Natural Gas has fallen more than the 1.72 support I predicted. I saw this coming. That is why it is not useful listening to fundamental news. The news said that as lockdown is eased, demand would rise and energy prices would rise. But my patterns told me that the price would fall based on technical analysis. Price trumps fundamental news. Everyday.