AntMwah

Bounce to 3.0 area

Long
NYMEX:NG1!   Natural Gas Futures
RSI and channel have both bottomed and the price has started to move upward towards what I think will be the top of the channel at around 3.0. What it does after that is still up for debate, the channel and techs suggest there may be a further leg down here, but seasonality (and weather) will come into play at some point with gas typically having a strong August.

I'd take the long to 3, take profits and reassess to see if we get a break above the channel or a further move down.

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