FX:NGAS   Natural Gas (Henry Hub)
67 0 1
So recently I posted about a potential slight rise in NGAS before a deep correction is due.

Observing this chart, you'll see a break of the trend line and I anticipate a move towards the monthly pivot and then two possibilities could occur, these being:

1.) A bounce is made becoming the higher low before heading North
2.) A slight bounce occurs and then NGAS resumes towards either the missed monthly or weekly pivot

My money is on a resumption of the downside now that we are in the summer months across the main consumers of the NGAS. I am already short with an initial target of 2.5.

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