Winter months are here. The East Coast of the US is experiencing low temperature and snow. Demand for Natural Gas usually increases in the winter months.
The price of Natural Gas has been climbing since late October and will probably keep rising throughout the winter months.
I remain bullish NGAS to 5.10 which is the 61.8% Fib extension from the up move and it lines up perfectly with a missed monthly pivot from march of 2014.
A break above the 100% fib is a good sign for trend resumption.
I like buying on dips.
The price of Natural Gas has been climbing since late October and will probably keep rising throughout the winter months.
I remain bullish NGAS to 5.10 which is the 61.8% Fib extension from the up move and it lines up perfectly with a missed monthly pivot from march of 2014.
A break above the 100% fib is a good sign for trend resumption.
I like buying on dips.