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XNGUSD, Ngas
A month ago, I was doing a gas analysis where I wrote about volumes reaching five times the previous turnover. It was a preview of what is ahead of us and what is beginning to be seen. Currently, the volume has jumped back to huge values, double what we analyzed a month ago. Note the difference between the gas and oil markets. Until now, the gas was inflated like a bubble, but this did not prevent us from defending the price at a high level.
In the image, I showed an increase in volume as the price fell. Analyze other commodity or metal instruments to see that historic peaks or big price pumps share a common denominator. There is a huge turnover at the tops. So high turnover that then for years it is not possible to obtain similar amounts of the mentioned contracts in lots and in cash.
