Today Nat gas showed a greater than expected build in inventories.
The consensus was 78B vs 87B actual.
Nat Gas has now triggered a bearish hourly pattern that takes us lower. If we lose the 3.60 area you can be sure we are likely going to target the gap fill.
I'm watching for Natural gas to potentially end the week with a weekly topping tail.
This colder weather report could be a fakeout pump to shakeout shorts.
The consensus was 78B vs 87B actual.
Nat Gas has now triggered a bearish hourly pattern that takes us lower. If we lose the 3.60 area you can be sure we are likely going to target the gap fill.
I'm watching for Natural gas to potentially end the week with a weekly topping tail.
This colder weather report could be a fakeout pump to shakeout shorts.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.