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.