You're Either Natty or You're Not

The highlight of today's otherwise slow-as-summer-doldrums session today figures to be the impressive moves across the energy complex.

We have been consistent in tracking the potential of the group. And now comes the stiff test as to whether energy bulls can fight through a loaded coming week of earnings the FOMC, other macro data points like GDP, not to mention the drumbeat of constant recession calls with implies that demand destruction will immediately kill the bull case for energy. 

Specifically, natural gas has been the leader of the pack of late as crude tries to stabilize and get off the mat. We have been playing the natty space through various ways, be it the UNG ETF for natty itself, as well as stocks intimately related to natty gas production. 

But then there is the issue of infrastructure and transpiration. This may be an overlooked angle in the bull run, and I think a name like GLNG, below on its daily chart, should flourish. 

GLNG designs, builds, owns, and operates marine infrastructure that turns natural gas into LNG (liquid natural gas) and LNG back into natural gas. The practical and very necessary application is of course in high demand now, with everything going on in Russia and Europe. And that may stay the case throughout the rest of this year into next winter 2023. 

Hence, on the GLNG chart, a push up through the 50-day moving average could easily ignite a fresh breakout for a strong sector with tons of tailwinds.