I anticipate suspending any additional contributions here for essentially the same reasons as those mentioned in the following entry I posted in a similar thread...
By rising to the neighborhood of 2.49, natural gas pushed the limits of what I call "statistical resistance," and consequently, my forecast model suggests it can now theoretically fall back as low as 2.43. However, I would judge such a take-profit target to be on the ambitious side, and am therefore looking to pocket gains somewhere around a modest 2.46 at the max...
Fantastic. For today, NG can move/drop > 7% in just 4 hours. on 30 Dec 2024, it moved 14% in just a day.