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NorthLumberJack
Oct 15, 2018 3:45 AM

Natgas appears to have started a downtrend. Short

Henry Hub Natural Gas FuturesNYMEX

Description

Looking at weekly and daily candles while also understanding the fundamental reasons for NGs recent run-up it appears NG is set for a downtrend. Looking to short from here until clear signal of support being met.

Comment

Still short, channled turned into wedge, looks like natty getting reject from here.

Comment

Downtrend invalidated, hedged long yesterady at market close, possible triangle forming.
Comments
Master4
Nothing is wrong with your TA. It supposed to be bearish yet weather, inventory and demand play an important role to bring NG higher.
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