23May11:06 amEST

Hey, Hey, We're the Monkeypox Plays

On second thought, while you can always try to scalp the likes of INO SIGA or a bunch of other Monkeypox plays in this week leading up to a major holiday one week from today, I would rather focus on a more constructive chart with a macro story I find more compelling. 

Natural gas, of course used for air conditioning homes in coming summer months, is in high demand from Europe, too, given the Russia issues. 

On the UNG ETF daily chart, updated, there is simply nothing not to like about the action. We have seen shakeouts immediately bought, and an overall smoothing consolidation in the context of a new uptrend after more than a decade of unrelenting bear market action. 

Th complacency regarding a potential for a super spike in natty is somewhat amazing to me, given the supply constraints, improving technicals, seasonal demand, and wildcard macro tailwind about just how dire things are in Europe. 

Alongside diesel, natural gas is possible "black swan" events for global markets this summer. And I think if UNG clear back over $30 we could see that set in motion sooner than later. 

Weekend Overview and Analysi... Snap Snaps Off, Reminiscent ...

 
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