Watching Urea and its cousins in price action

I’m still waiting for the price of Urea to crater.

In January 2023, I wrote this…

https://robzdravevski.com/2023/01/26/urea-accumulate-signal/

I am yet to initiate any long positions in Urea or other correlated price relationships.

Moreover, the price action in Urea isn’t acting in a healthy manner.

This view is being influenced by my opinion that Natural Gas may either fall or rise by 60% from its recent $2.50 price.

https://robzdravevski.com/2023/03/16/natural-gas-can-be-dangerous/

My bias is for lower Natural Gas prices and thus we should see pressure on Urea, Wheat and Fertilser prices too.

https://robzdravevski.com/2023/01/27/middle-eastern-urea-prices-join-the-oversold-parade/

That’s where the buying opportunities will appear but I am waiting for now.

April 2, 2023

by Rob Zdravevski

rob@karriasset.com.au