4xForecaster

NGAS - Nearing Significant Technical Level at 5.789

FX:NGAS   Natural Gas (Henry Hub)
278 1 1
NGAS - Nearing Significant Technical Level at 5.789

- bullish market reversal occurred; pending confirmation signal
- Overhead targets:
-- TG-1 = 1.5789
-- TG-2 = 5.883
-- TG-Hi = 6.215

OVERALL:
Neutral directional bias until market reversal confirmation signal occurs

Cheers,

David Alcindor
TradingView.com Moderator
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: MarketPredictiveAnalysis@gmail.com
All updates on https://twitter.com/4xForecaster
Guys, be cautios with this Gas. Futures curve on front end is extremely inverted. Front contract (March - expiry in 7 days) is trading at 5,766 vs April contract at 4,855.
For me this looks ntg else but a complete short squeeze, and cornering the mkt before expiry. Spring will come eventually :-)
Unfortunately I hv no clue how to play this, options are very expensive due to high vol. If someone has any idea, pls share!
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