Natural Gas (XNGUSD)Short
Natural Gas will see half cent the price
In my analysis, gas price is traveling along the wave E, and now is finishing wave b of a zigzag. And i will soon head down to complete a 5-wave race.
At its peak, Russia enjoyed gas export to Europe, thus leaving The USA a big loser.
She then pushed to retaliate for the lost market and caused the Ukraine war and sold arms equivalent to the amount of the gas deal.
Thus getting back all the money Russia gained out of the gas deal.
Iran-Turkey gas transfer deal is nearing its term soon.
So iran will not make a cheap deal.
If prices drop according to my analysis, Iran wil reduce its gas transport by more than half. And will provide steel, petrochemical industry and cement factories with abundant supply of gas and we will see the economy grow faster.
By then, oil prices will reach to more than 160 dollars a barrel.
I hope the best for Iran.
At its peak, Russia enjoyed gas export to Europe, thus leaving The USA a big loser.
She then pushed to retaliate for the lost market and caused the Ukraine war and sold arms equivalent to the amount of the gas deal.
Thus getting back all the money Russia gained out of the gas deal.
Iran-Turkey gas transfer deal is nearing its term soon.
So iran will not make a cheap deal.
If prices drop according to my analysis, Iran wil reduce its gas transport by more than half. And will provide steel, petrochemical industry and cement factories with abundant supply of gas and we will see the economy grow faster.
By then, oil prices will reach to more than 160 dollars a barrel.
I hope the best for Iran.
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