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Eddied01
Jun 22, 2017 3:51 PM

Natural Gas_Change of plan Short

Henry Hub Natural Gas FuturesNYMEX

Description

I thought we would get a more aggressive wave 2 but yesterday was weak and so is today.
This would suggest that there is more downside and the bottom is not in yet
Storage build 61 vs 58 not a deal breaker. The energy sector in general pulled down by oil

My plan will change again if wave 2 is not completed yet.
Trade above 3.082 as part of wave 2 would suggest that a bottom is in place and my original plan will kick in again

Comment

The rollover to the august contract created a big gap up. If 3.082 is breach with momentum i will change my plan as mentioned above. Gap up is closed and very likely that the gap down will be closed as well
Comments
Eddied01
Good thing a stuck with plan be. I have a more update posting

profmazare2c
any update on your plan?
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