NATGAS àNatural-gas prices soared on Monday, leading crude-oil prices higher, according to Mike O’Rourke, chief market strategist at Jones Trading.
Traders blamed a couple of different factors, including expectations for colder temperatures in the U.S. and Europe, as well as the imminent expiration of a deal allowing Russian liquefied natural gas to be transported to Europe through Ukraine.
Germany, France and the U.K. were all expecting temperatures to drop below zero degrees Celsius in the coming days, while the U.S. was bracing for a polar vortex.
Meanwhile, the Kyiv Independent reported that Ukrainian Foreign Minister Andrii Sybiha has demanded that imports of Russian LNG to Europe must be banned, and replaced with supplies originating in the U.S.
NATURALGAS If you want to follow the bracket strategy, here is the crazy wide range today. 30m close above is a long, 30m close below is a short. The close is forced at the end of the range at 1300. SL is on HH/LL 5 bars back.
NATGAS Alright peeps I'm out until new years, it's been a great run 💪 Until the new year, peace. Glad we hit $4, I would've looked pretty stupid if we didn't haha 😂
Just be careful those of you trying to play this move. When the Polar Vortex collapses like this, $5 and $6 comes pretty quickly. Play it safe
NATURALGAS This rocket will not stop until it take all short sl. in 4.3 there is a gap in 1d timeframe which was created one year ago on Dec 2023. That can act as a resistant.