Natural Gas Potential 2020 Bull Rally Targets
Please review the cycle update charts for reference. This is the anticipated price targets based on the monthly and weekly cycle.
The monthly bull runs that started in 2012 and 2016 occurred in two phases. The initial bounce from the lows with a high the following heating season, 107% & 148% from the low. Then a second spike in price, this was 241% and 206% from the low. The time line for the second high varied, blue (2012) and orange (2016) lines show possibilities that are similar to how those rallies played out.
I must express extreme cation due to the current trading environment we are in. The current world affairs has me far more hesitant then I would normally be about this opportunity.
See additional charts below for reference.
The monthly bull runs that started in 2012 and 2016 occurred in two phases. The initial bounce from the lows with a high the following heating season, 107% & 148% from the low. Then a second spike in price, this was 241% and 206% from the low. The time line for the second high varied, blue (2012) and orange (2016) lines show possibilities that are similar to how those rallies played out.
I must express extreme cation due to the current trading environment we are in. The current world affairs has me far more hesitant then I would normally be about this opportunity.
See additional charts below for reference.
I discuss the potential 2020 bull rally, UGAZ DGAZ and UNG