Wednesday, October 09, 2019 10:25:09 AM
Cold weather forecast could send NG up hard.
Cold weather showed up in early November 2018 and 2017. If it doesn't show up until late November (like 2016) it could get ugly.
Other factors that are currently affecting price action are:
1. Technical analysis which pretty uniformly shows NG in oversold territory just above major support.
2. Production oversupply which shows no sign of abating.
A couple of bearish insignificant factors that are nonetheless interesting are the
worldwide glut of LNG as reported by the Hellenic Shipping News, and the recent decrease of NG power burn in Texas due to increased renewable energy supply.
Overall I am still bearish NG
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM