Chart Prophet Capital Analyst Is Bullish On Natural Gas

Yoni Jacobs of Chart Prophet Capital talked on

about an opportunity to invest in natural gas. He thinks that natural gas is one of the best investments right now. The commodity has entered a bull market in 2012 and you should buy it when it takes a dip. There is a strong support level at $3.75 and this looks as a good level to open a long position, according to Mr. Jacobs. A mild august and crude oil trading below $100 are key reasons for a recent decline in natural gas, but if you take seasonality into consideration, we are now entering three months that have historically been the strongest for natural gas. In the last 25 years, September and October have been positive over 70% of the time. Average return in these months was 9% to 10%. August has also been pretty strong historically. Yoni Jacobs thinks that natural gas will outperform regardless of the direction of the economy or other markets.