Natural Gas Futures: The Bottom Is In! BOIL & NG1! Analysis! Here's What You Should Know
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Exactly…I am shooting for much much higher. Nat Gas was far too cheap in my opinion…hopefully this is the start of the big reversal we have all been waiting for !
BOIL’s target index tracks NYMEX futures contracts that are delivered at the Henry Hub. Which pipeline in Canada transports to the Henry Hub? The permian basin in Texas, that everyone has heard of delivers to the WAHA hub, which is why HH and WAHA NG prices can be so different.
Canada fires is flaring up bigly while rigs are offline with oil and NG production is coming to a halt. Technical does not matter when you have a deficit in NG and oil production. Facts are that NG is at the lows and the upside is tremendous now as Greed took over on the Kold shorts. Going to be a real disaster for them as NG reduces output and a summer of heat to remember.