Bold Prediction: Natural Gas
At TickerTank we believe in reacting to price action rather than predicting it. That said, every once in a while we like to go out on a limb and make a bold prediction.
We predict Natural Gas Futures will print 3.25 before the end of 2011. It seems extremely cheap here and pretty much everyone you talk to sees natty going higher from the 3.75 price point. The bullish argument makes plenty of sense given the fact we're in Hurricane Season and all it takes is one storm threat to push natty back to 4.00 and above.
That said, the head & shoulder pattern we pointed out in...
Read the full analysis here.
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Posted-In: Futures Natural GasFutures Markets Trading Ideas
