US Nat Gas is bearish in the long- and medium-term and we shouldn’t be surprised to see another lurch down, says David Linton, Chief Executive at Updata.
Linton points out that the Henry Hub Nat Gas future fell below a key level at around 2.60 at the beginning of this month and he thinks seasonal cycles mean that further falls can be expected for this time of year. Moreover Nat Gas remains below the cloud on ichimoku charts.
For details, watch Updata’s Technical Analysis for Energy Traders, which includes an analysis of the major energy, currency and stock markets:
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