Natural Gas, Technical and Fundamental Outlook
From time to time, October become starting point of bullish for NG.
Winter will push demand more higher, while supply remain flat.
if we look from historical data :
Oct'12, NG gain 43%
Oct'13 NG rose 16.99% and gain 94% at Feb'14
Oct'14 NG start bullish at week 3 Oct and gain 28.44%
Oct'15 NG only success to get 7.21% with geopolitical tension increase
Oct'16 NG rose 17.25%, and break new low at nov. After that continue again with 56.7%
Oct'17
We can see 3.438 will become strong resistance for NG, if bullish perform, this will become key level before continue to reach more high around 4.001 with 37.67% target profit
Winter will push demand more higher, while supply remain flat.
if we look from historical data :
Oct'12, NG gain 43%
Oct'13 NG rose 16.99% and gain 94% at Feb'14
Oct'14 NG start bullish at week 3 Oct and gain 28.44%
Oct'15 NG only success to get 7.21% with geopolitical tension increase
Oct'16 NG rose 17.25%, and break new low at nov. After that continue again with 56.7%
Oct'17
We can see 3.438 will become strong resistance for NG, if bullish perform, this will become key level before continue to reach more high around 4.001 with 37.67% target profit
NG 2015
www.tradingview.com/...sh-to-february-2015/