• 288 days Will The ECB Continue To Hike Rates?
  • 288 days Forbes: Aramco Remains Largest Company In The Middle East
  • 290 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 690 days Could Crypto Overtake Traditional Investment?
  • 695 days Americans Still Quitting Jobs At Record Pace
  • 697 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 700 days Is The Dollar Too Strong?
  • 700 days Big Tech Disappoints Investors on Earnings Calls
  • 701 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 703 days China Is Quietly Trying To Distance Itself From Russia
  • 703 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 707 days Crypto Investors Won Big In 2021
  • 707 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 708 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 710 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 711 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 714 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 715 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 715 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 717 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

Natural Gas is Lighter Than Air and Its Rising – I Smell Opportunity!

During the last stock market top in 2007-2008 the price of natural gas completed a basing pattern (bottom) and broke out and had a Chris Vermeulen massive rally. Will this happen again this time around?

Based on the stock market stage analysis, market sentiment, and the price action of natural gas, it appears the stock market is topping and natural gas is on the verge of a breakout and rally.

The price of natural gas moves in strange ways, and I mention this to subscribers when its taking place. I found that on when there is fear in the stock market and stocks are down along with almost every other asset class (this is rare), that natural gas is typically the only asset and/or commodity trading higher those days. I’m not 100% sure what to make of it, but I have seen this repeatedly over the years.

See the weekly chart below of the SP500 index and natural gas

S&P500 and Natural Gas Weekly Charts

Natural Gas Forms Bottoming Pattern and Basing Pattern

Natural Gas Futures Daily Chart

Earlier this week I recorded my conversation with HoweStreet talking about natural gas, gold and oil – LISTEN HERE


Natural Gas Trading Conclusion:

In short, no matter if this correlation in stock price and natural gas exists or not, the fact of the matter is that stocks are showing signs of a significant top, while natural gas appears to be bottoming.

In the coming days several swing trade and long-term opportunities will present themselves and I will share which ETFs and or stocks I will trade to profit from the pending moves.

 


Receive My Trading Signals & Analysis: www.TheGoldAndOilGuy.com

 

Back to homepage

Leave a comment

Leave a comment