Today’s big move suggests the downside price pressure is dissipating and a new bullish price trend may push Natural Gas prices above $2.85 quickly.
First, we want to say “It took long enough!” and we’re happy to see this upside move in Natural Gas. We had been calling this move for many months. Our predictive modeling systems and cycle systems suggested the extended bottoming formation in Natural Gas was an excellent opportunity for skilled technical traders. Today’s big move suggests the downside price pressure is dissipating and a new bullish price trend may push Natural Gas prices above $2.85 quickly.
Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.