Natural Gas Prices Soar Above $2

The natural gas market has broken above the $2 level and is expected to continue rising. According to Christopher Lewis, this should be considered an investment opportunity rather than a short-term trade. He advises buying dips in a lowly levered position, such as through an ETF.

Supply remains a major issue for natural gas, but Lewis believes that the market may have already factored in this concern and is responding to geopolitical developments instead. He notes that there are potential new sources of natural gas coming online in the Middle East.

Lewis predicts that prices could reach $2.50, but cautions that this will take time. He emphasizes that investors should be patient and not expect immediate gains.