Natural Gas, Buy on Dip.

Jun 23, 2020

In the short term, I think buying short-term dips makes quite a bit of sense, as the $1.58 level is the beginning of massive support that extends down to the $1.50 level. Breaking down below that area would be extraordinarily negative but I do not see that happening based upon historical charts in the fact that we are starting to see several companies out on the Permian basin and other places run into serious trouble, thereby more than likely dropping down to the supply quite drastically. Economies around the world reopening also will bring in a little bit more demand.

Recommendation:
Buy On Dip $1.58
Targets are: $1.78, $1.96 and $2.20

Every system has a limitation.
Good luck!