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mastercharts
Dec 20, 2017 5:09 PM

Following Support Break, Natural Gas Should Be Shorted On Bounce Short

Henry Hub Natural Gas FuturesNYMEX

Description

Notice how Natgas comes up to the Yellow resistance line from below and is being rejected there. This is a classical bearish behavior. Any bounce to the Yellow or even better to the Red Line should be shorted currently (December 2017)
Comments
TomPower
Are we headed to the red line, looks like it, -20 here in western canada, logic dictates it goes higher
mastercharts
@TomPower, Yes a short-term bounce is materializing. Will it be a bigger trend change remains to be seen. I will post updated charts. Remind me if I forget! :)
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