From the desk of Thomas Bruni @BruniCharting
In early January I was pretty vocal about fading the rally in Natural Gas futures, but with my downside targets met last week, I think this market is setting up for another sharp rally to the upside.
Before getting into my price analysis, it’s important to point out that Natural Gas just entered what is seasonally the best 3 month period of the year while public pessimism sits at multi-year highs. The combination of these conditions could provide prices with a serious tailwind if they begin to gain momentum to the upside. [Read more…]