Gas Pivots: What Would Leo Say?
July 18, 2022
The August nat gas prompt month contract has shown a peak-trough with retracement pattern. What would Leonardo Fibonacci say? Leo’s pivot points are $7.05/mmbtu, $7.54/mmbtu, $8.04/mmbtu, and $8.76/mmbtu respectively. Leo’s theories have stood the test of time and his pivot points are often used to determine directional movement and support/resistance levels.