SMC Update 8-23-22

Tue, 08/23/2022 Tuesday, 08/23/2022 6:04 PM PDT


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adwhartonmd232
adwhartonmd232

Peter would love to see projection on Nat Gas in USA & Europe

It hit $10 briefly Sept futures USA per BTU Monday 22 August highest since July2008

Compare that to Nat Gas price in Europe at $291 euro per Megawatt hour. Convert MegaWatt to BTU by dividing by 3.412 That’s is $291/3.412 = $85.28 euros per BTU

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jwkim33366
jwkim33366

Thanks Peter! It looks like both NQ and NDX broke their weekly offsets on Monday (2.5 offsets). I was trying to calculate a price target for this move and came up with around 12,500. Would love you to confirm that level, thanks!

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