BFCMInvest

NatGas Analysis

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OANDA:NATGASUSD   CFD de gás natural
A brief summary of our previous analysis: the level at 2.97$ is a strong support, the cyclical movements of this commodity, makes us think that that the price will return to the area 3.40 before the spring and then continue downwards with target 2.80 / 2.60 $ in the summer. Even from a fundamental point of view we expect a rebound from these areas, as a decrease in temperatures is expected in this second part of winter, favoring a greater consumption of gas. So we recommend a long position with target at 3.4$.

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