First the technical.
Natural Gas is in a normal pullback within its post-July uptrend, despite the heavy hits to markets over the last week or two.
Favored NatGas play AR dropped hard to a support area below the 200 day average, which it is grappling with now. I am going to add it back today.
The seasonal pattern for Natural Gas is positive, with a blip in June-July.
While NatGas hedgers are aligned bullish, from a sentiment standpoint. It’s not overwhelmingly positive, but definitely to the contrary bull side of the ledger.
NFTRH+ trade setup ideas are presented for consideration and further research only, not as recommendations. I may or may not personally take positions in all or even most NFTRH+ ideas, as it would depend on my portfolio composition at any given time. “Stop loss” and target levels are usually noted and should be respected.
