8th August 2013 — A developing opportunity in natural gas

It’s been a while since I wrote a piece using the MIDAS Method, but there is a developing opportunity in the natural gas market which is starting to look quite enticing. Below is the three year MIDAS chart for natural gas:-

As you will note, MIDAS primary support is 16 months old, the bull run starting on April 20th 2012. Since April 20th 2012, the spot price for natural gas has been on a fairly strong run. It doubled within a year, pulled back, and then went on to make new highs.

 

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