Natural Gas: Like catching a falling knife?
These items taken together can help reduce the glut of current and future natural gas supplies. What will make a difference is whether price waits for substantially improve numbers before taking a turn higher … or if expectations will change enough to anticipate reduced supply and beget a higher price. It’s tough to say … but I am betting on the latter here.
For starters, I get the feeling that risk appetite will go on a little streak and buoy assets like stocks and commodities. While risk appetite can’t fully counter bearish fundamentals, it could combine with technical levels to support price while the fundamental drivers shift.
No new recommendations or adjustments at this time.