Tuesday, 8 September 2009

Natural gas continues to plummet

Natural gas plunged 10% last week. I broke to new lows. Long speculators have been unceasingly punished for attempting to "buy the lows". I am no expert in natural gas fundamentals, but I am expert in charting. And the chart says that market participants have been exceeding bearish on the prospects for natural gas, willingness of bears to short the market still remains but the their power is waning. It is only a matter of time before the bulls regain control of this market. It is obvious that their is massive accumulation going on from professional money, but they haven't soaked up all the supply. When they do, a new bull advance in natural gas will start. So, from an opportunity standpoint natural gas is probably one of the best investments out there.

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