NATGAS: The Undervalued AssetNatural GasOANDA:NATGASUSDTotSamiyKaaOil is rallying while Gas is sucking the dust. There is a huge discrepancy in price behavior between both these commodities, whereas the global demand on energy is not slowing down yet. Let`s check what to expect from NatGas in nearest term. # - - - - - Technicals: 1. On the upside, the price has a local resistance zone , which held 3 times in the recent month (since Feb. 15th) and once was penetrated with a false breakout. 2. Conversely, the price has a global S/R zone on the downside, which has played out as support twice since Feb. 15th. 3. Since Mar. 18th, bulls have shown strength by moving the price 11%, from $3.00 to $3.33 in a single trading day, whereas bears could only correct the price down to the 0.786 Fibonacci level in 2 full trading days, meaning that bulls have been stronger than bears recently. # - - - - - Fundamentals: 1. Looking back at history, the price of gas usually rises in periods when it is warm. You might think it should rise in winter periods when the demand is higher. Yes, demand is higher, but countries accumulate positions when gas is supposed to be cheaper. 2. Taking into account the recent global demand for energy, and gas in some cases playing a role as an alternative to oil, there is a huge discrepancy between how much oil rose and how little gas rose. # - - - - - Conclusion: That being said, I assume that NATGAS is undervalued now and might rise in the short/medium term. # - - - - - LONG Setup: ✅ Entry Point: Market 🛑 Stop-Loss: $3.098 🤑 Target: $3.375 # - - - - - Good Luck! ☺️ # - - - - - DISCLAIMER: Not financial advice. Everyone must make trading decisions at their own risk, guided only by their own criteria and strategy for opening or not opening a trade.