It’s a gas, gas, gas

Natural Gas prices are around $1.70.

What if they fall to $1.20…..well, it could present at attractive asymmetric long entry point.

In this week’s edition of Macro Extremes I wrote…….

Henry Hub Natural Gas prices fell 8% to close at an all-time low. This is another example of a parabolic price move being thumped. I’m watching closely for developing strength in this downward trend. Should it gather steam, a visit to $1.20 wouldn’t be out of the question. That’s quite move from $11 from only 20 months ago.

#Naturalgas traded to $11 when the market thought Europe would freeze as a result of a Russian gas squeeze.

With such an extraordinary low price, such cheap #gas makes renewable energy not so feasible and reiterates Natural Gas role through any process of the #energy transition.

March 18, 2024

by Rob Zdravevski

Karri Asset Advisors

rob@karriasset.com.au