Submitted by [deleted] t3_11az7b9 in wallstreetbets
BitterAd6419 t1_ja1y31n wrote
Reply to comment by NRA-4-EVER in Close to Impossible for rise in Natural Gas prices to end by [deleted]
The prices in the summer rise due to lower production than anything else. Countries want to load up for upcoming winter so demand is high and supply is low. That pushes the price up. I am long Boil calls but honestly it has failed to break eMA 9 on multiple occasions so unless it breaks that resistance and pushes toward SMA50, NG will remain in the bearish zone
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