Natural Gas Breakout Suggesting Skyrocketing Heating Bills???

Sharing is Caring!


Rising energy prices are stirring up plenty of inflation concern across the financial markets. And major breakouts for Crude Oil and Natural Gas are looking like an unpleasant October surprise for consumers.

This theme has been at the forefront of my research, penning an article on prospective Oil and Gas breakouts on October 6th “Energy Crisis Brewing”, as well as an article on October 14th on the Natural Gas ETF “Testing Top Of Falling 7-Year Price Channel”.

See also  In Much Of Pennsylvania, Natural Gas Prices Will Increase Up To 50% Starting Wednesday

Today, we revisit this stark reality by sharing a chart of Natural Gas Futures on a long-term “monthly” basis. As you can see, Natty Gas is attempting to close the month as its highest price in 13 years!

Should natural gas futures close the month above its 2009 monthly closing highs ($5.57), it could spell more pain for consumers with heating bills. A breakout here could target prior highs around the $13 mark.

See also  T-R-O-U-B-L-E! Apartment Rents UP 33% Over Past Year, Food UP 33%, Heating Oil UP 89% And Gasoline UP 61% (Affordable Housing Policies??)

There’s still 4 days to go… how natural gas closes the month could be critical to consumers pocket books… as well as the inflationary investment theme. Stay tuned!

This article was first written for See It To see the original post CLICK HERE.

Twitter:  @KimbleCharting


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.