Natural Gas printed a potential exhaustion candlestick on Friday.
That doesn't make me nervous. There are still a lot of shorts in NatGas.
We have plenty of time to run... (If it bottomed we can rally for 2 years...)
We are above the 10 EMA.
We are above the 20 EMA.
We closed above the basis of BB (it usually means we are going to reach the upper Bollinger Band)
MACD, TSI crossed over.
10 EMA , 20 EMA wants to cross over soon.
Volume is increasing since the trendline break.
Shorts are still sitting in their positions , but the commercials' long positions are increasing (We are above 400.000 in com long contracts)
Next level to be tested: 1.950
At 1.950 is: 50 EMA, upper BB , and the 2016 Feb breakdown level.
If we have a pullback the maximum we can come down is the 10 EMA (1.7537 on Friday)
One more thing : forget the seasonality in NatGas! NatGas can rally during the spring or summer season.
THIS IS JUST BEGINNING. THERE IS A HUGE POTENTIAL. (200%)
I HAVE NATGAS IN MY PORTFOLIO.
I HAVE UGAZ IN MY PORTFOLIO.
That doesn't make me nervous. There are still a lot of shorts in NatGas.
We have plenty of time to run... (If it bottomed we can rally for 2 years...)
We are above the 10 EMA.
We are above the 20 EMA.
We closed above the basis of BB (it usually means we are going to reach the upper Bollinger Band)
MACD, TSI crossed over.
10 EMA , 20 EMA wants to cross over soon.
Volume is increasing since the trendline break.
Shorts are still sitting in their positions , but the commercials' long positions are increasing (We are above 400.000 in com long contracts)
Next level to be tested: 1.950
At 1.950 is: 50 EMA, upper BB , and the 2016 Feb breakdown level.
If we have a pullback the maximum we can come down is the 10 EMA (1.7537 on Friday)
One more thing : forget the seasonality in NatGas! NatGas can rally during the spring or summer season.
THIS IS JUST BEGINNING. THERE IS A HUGE POTENTIAL. (200%)
I HAVE NATGAS IN MY PORTFOLIO.
I HAVE UGAZ IN MY PORTFOLIO.