$NG1! $UNG Natural Gas potential bull rally soon

Potential good risk/reward opportunity for Natural Gas.

Due to:

- 85% chance of La Nina winter conditions (lower than avg temps in Dec, Jan and March)

- Ongoing conflict in Ukraine and Middle East, which may intensify

- Chart patterns which indicate low(er) risk entry opportunity

NG UNG

I will accumulate around here, near $13, and potentially around $11 if it drops down there.

Though it seems we have seen the bottom.

Price may only double, but if there is a strong rally, following take profit points are possible, most likely between Dec 2024 and March 2025:

$76
$87
$115

(Note: NG Bull runs typically last 8-12 months from bottom to peak, so there is a chance prices will bottom out in ~Dec 2024 and peak ~Dec 2025.

I will be accumulating here though.)