Genghis
Short

Nat Gas Short - Selena Gomez... back to 1992?

NYMEX:NG1!   Natural Gas Futures
178 12 3
Resistance at 3.10 with potential to head back to low levels see back in the early 90's.
Trade active: Short at 2.78, SL 3.12
Comment: Added at 2.80
Comment: Good start
Comment: Added at 3.08
Comment: Heading in the right direction
Comment: Added at 3.05
Comment: ...Move above 310 and I throw in the towel
Comment: Tapped out and flipped to long at 311
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Pushing north
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Genghis Genghis
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Genghis, thank you so much for your setup. NG is the most unpredictable tool, so any professional vision and forecast high valuable. Great profits to you. What do you think about Oil in this case - is it going to 10-20 level too or do you think that a huge grow till 70 area is also possible. My forecast is 70 level till the NY. What do you think about it?
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Genghis FreshOilTrader
I think the recent rally in oil is one to sell into. I'm still in the heading sub $42 camp. Feel like we need another clear out before I get long in the 30s
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Genghis Genghis
Still big oversupply in oil and the OPEC chatter is all smoke and mirrors. Yes they may cut... but only once they have ramped up production to higher levels that current. Saudi needs to hold or increase to keep their head above water. Economically they are really struggling it seems and them cutting not going to necessarily help them. My 5 cents
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heading in the right direction
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Tested 3.10... that pops and we get our bull boots on.
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Also hinting at short set up for NGAS
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Genghis Genghis
Set up right shoulder
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Getting into oversold stochastic territory on the 4H and daily chart with 2.61 as potential support
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