While price was printing a higher high just printed a divergence: no higher high in last week.
seems wants to cross over.
Though we broke to new highs last week there was no follow through : we came back to the 10 and crawling on it. This is not a rally, it was just a false breakout on high when big players got out of their shorts and now feeding the little payers with expensive contracts.
I'M going to short NatGas right now at 3.254. I think we are going to tag the 200 around 2.4$ this year.
I think it's good that we reentered.
The data has to be extremely good to hold price at this level.
Indicators looking good today.
TRADE (Microcap): $DGAZ 1,050,000 shares @ $3.93
BLOCK TRADE (Microcap): $DGAZ 500,000 shares @ $3.93 ha !
BLOCK TRADE (Microcap): $DGAZ 300,000 shares @ $3.93
Friday Oct 14, 2016
BLOCK TRADE (Microcap): $DGAZ 400,000 shares @ $4.03
Today - so far
BLOCK TRADE (Microcap): $DGAZ 450,000 shares @ $4.02