Natural gas traders are anticipating a major move as a weather anomaly could tighten supply and boost prices. The weakening polar vortex is expected to bring cold air to North America, increasing heating demand and potentially driving up natural gas prices. Technical indicators support a bullish trend, with key trigger levels identified. Institutional traders are making bold bets on natural gas doubling in price by February. Traders can participate in the trend using leveraged ETFs like BOIL but should be cautious due to derivative decay. Overall, the outlook for natural gas suggests a high-conviction winter trade may be on the horizon.
Read more at Barchart: Big Money is Betting on Natural Gas Prices to Break Out. Here’s the Setup.
