$NAT Breakout Reaches Initial Target Zone

Apr 28, 2020

NAT was a breakout candidate we posted early last week. That breakout happened ($5 was the trigger). A close today under $7.50 would be a rejection as key resistance. But $10 is plausible.

Remember, this is about demand for new storage of cheap oil as Tank Tops sets in in WTI Crude. If June contract goes negative in coming weeks, the tanker squeeze rally could intensify.