NG on bust possible to close old gap at 3.00 quite possible in m
Updated
NG did a nice move not just from technical point of view covering some low value areas but was pushed by:
1. warm weather USA and parts of Europe
2. Nederland closing one of biggest NG field
3. Some maintenance work of gas pipe lines in Norway (for June time)
4. some work on LNG terminals in USA
Gas in Europe jumped as well and this may give push for further moves for the NG
NG has tendence to do a sell after such a jump of 9% after some small up days. So if this time we see a pull back to 2.52 and bid coming back it may be a game changer for next days.
Since NG enters some low value areas ( and single/poor TPOs, sell from 2.8) don't mind we may close gap around 3.oo
below ling to TPOs and foot print chart (here by the way we had 4 M30 blocks with some nice bid so who load there, would for sure try to push price up to distribute this). Hope it works
https://app.screencast.com/jKoXDzO49hAV4
1. warm weather USA and parts of Europe
2. Nederland closing one of biggest NG field
3. Some maintenance work of gas pipe lines in Norway (for June time)
4. some work on LNG terminals in USA
Gas in Europe jumped as well and this may give push for further moves for the NG
NG has tendence to do a sell after such a jump of 9% after some small up days. So if this time we see a pull back to 2.52 and bid coming back it may be a game changer for next days.
Since NG enters some low value areas ( and single/poor TPOs, sell from 2.8) don't mind we may close gap around 3.oo
below ling to TPOs and foot print chart (here by the way we had 4 M30 blocks with some nice bid so who load there, would for sure try to push price up to distribute this). Hope it works
https://app.screencast.com/jKoXDzO49hAV4
Trade active
opened 2 long for now, bid got hit into 2.57 so this must be lift. Nice hit into offer 2.557 to 2.562 if they should offer hard below i am out.PS: i am trading based on NG ladder so do not watch candles too much ;)
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