Natural Gas - Multiplication possible -- I'm going to fill up!

Seasonality

The price of gas has also been a political football since and around Corona. In addition to various price increases and extreme movements, the price of natural gas has ultimately fallen to significant lows. The extreme pricing has now calmed down and a lot has been happening here since February of this year. I really like the movement of the price of natural gas. This chart structure actually tends to suggest another gas price rally. According to this, the underlying value could almost double over the next few weeks. Over the next few quarters it could even triple - but first let's take a look at the upcoming seasonality:

It is very clear that according to statistical seasonality, a massive reversal is likely in July. This should last until mid-August. I would like to take advantage of this as well. Because, as I described, I also really like what is happening in the charts.

Chart technical outlook

Since the increase in February, the gas price has been on a flawless bullish impulse wave. The resulting correction has been running since mid-June and has reached the ideal trend reversal area of USD 2.04, characterized by massive support and the 38.2 retracement of the previous upward stretch. Here, one could already position oneself anti-cyclically. However, the probability of a trend reversal increases when USD 2.27 is exceeded. I think a price increase to around USD 3.60 is quite likely. The decisive factor for this now is that the gas price does not fall below the USD 1.54 mark.

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