Decline in Natural Gas complete
February 2, 2023 Leave a comment
That’s your lot.
A round trip move for Natural Gas, rom $2.50 to $10 and back to $2.50 all within 22 months.
Regarding my short call from $10.00 to my target of $2.50 was reached today.
That’s your lot.
The fat part of the trade has been had.
The mean reversion from those heights back to and below its 200 week moving average also corrected that parabola seen a year earlier.
It’s now Oversold on a weekly basis.
February 2, 2023
by Rob Zdravevski
rob@karriasset.com.au
rob zdravevski's blog 