NGAS: Quarterly target hit rapidly, short squeeze ended...

I think $NGAS will trend back down to the 2.88 region once more. Most likely peaked already, although weather being the coldest in years could be a concern, fundamentally speaking (nevertheless, this variable could be already priced in). Short entries should be safe overall, any rally is a short here in my opinion, just risk 0.25% on each attempt.

Cheers,

Ivan Labrie.

Comment:

Comment:

The rally was indeed a good spot to short, retesting the downtrend mode.

Trade closed: target reached:

Probably a bottom after hitting daily target range. Could extend the fall but hard to not bounce here at least.

Comment:

Not yet bottomed but very close.

Trade closed: target reached:

$NGAS possibly will bottom around here:

Trade active:

I'm long from 2.647