Hello ladies and gentlemen. This will be my first idea, hopefully a successful one so i decided on not quite the most exciting thing such as Nat gas. Currently very oversold and much of it burning and being wasted at the wells according to many news sources.
Please note the Divergence on the indicators; how the the current lower price of $2.28 does not correlate with the Stochastic indicator Not registering the new low. This is a weekly chart so i think we may see $4 to $7 dollars in a few month.
Please note the Divergence on the indicators; how the the current lower price of $2.28 does not correlate with the Stochastic indicator Not registering the new low. This is a weekly chart so i think we may see $4 to $7 dollars in a few month.
Comment:
And so even after today's news release of a larger than expected reserve build that was followed by another decline, we are still seeing strengthened divergence on the Stochastics and other indicators. I do not believe that we will see $2, and thus the reversal to the upside is imminent. ( fingers crossed lol)