Natural Gas Futures—Natural gas futures in the March contract settled last Friday in New York at 1.91 while currently trading at 1.71 lower for the 3rd consecutive session while hitting a 4 year low.
At the present time all commodity sectors including U.S equities are on the decline as nobody wants to own anything until the Coronavirus shows more clarity. The next major level of support is all the way down at the 150 level as I see no reason to be a buyer at this time as the entire energy sector is experiencing bearish trends and if you are short stay short as gas prices are trading far below their 20 & 100 day moving average as the trend clearly is to the downside.
TREND: LOWER
CHART STRUCTURE: POOR
VOLATILITY: AVERAGE
If you are looking to contact Michael Seery (CTA—COMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit www.seeryfutures.com
TWITTER—@seeryfutures
FREE TRIAL FOR THE LIMIT UP COMMODITY NEWSLETTER
Email: mseery@seeryfutures.com
If you’re looking to open a Trading Account click on this link www.admis.com
There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.