Bullish SPX as long as we hold above 2600
November 18, 2018
Θα αλλάξει το κλίμα η ΕΥΡΩΒ;
November 26, 2018

Nymex Natural Gas forward markets had another volatile week, fainting the previous one’s large trading volumes and closing just 0.87% higher at $4.30. Underground stocks decreased by far and away on 138 Bcf, yet the market did not go north which might be a first bearish sign, while we anticipate a reverse in sentiment, on the daily chart, to start selling again the longer period. Demand for the coming week will remain very high on colder weather than normal across the Lower 48. U.S. NG export volumes steady as record production meets 18% lower stocks than the 5year average. Some sizable distribution disruptions does not look to impinge on price while most of hubs working close to full capacity. We do not want to go against this seasonality’s integration rally but still looking only for the 4hour to 15min reverse, while trading volumes are coming back to normal after last week’s majors and algos drove a couple of panicking sessions. RSI close to oversold. Dimitris Kontoulis.