NatGas - Shorts reloaded

FX:NGAS   Natural Gas (Henry Hub)
2238 41 50
I'm not going to wait in NatGas any longer. We are just too late in this daily cycle. The intermediate cycle seems to me to be topped on that report last week.
While price was printing a higher high RSI just printed a divergence: no higher high in RSI last week.
MACD seems wants to cross over.
Though we broke to new highs last week there was no follow through : we came back to the 10 EMA and crawling on it. This is not a rally, it was just a false breakout on high volume 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 SMA around 2.4$ this year.
Comment: What's wrong with this DGAZ daily candle?
Comment: We printed the daily swing.
I think it's good that we reentered.
Comment: I'm waiting for a big drop on data today.
The data has to be extremely good to hold price at this level.
Comment: Closed below the 20 EMA.
Indicators looking good today.
Comment: Man they've almost tricked us out last week with that breakout...
Trade closed: stop reached: 30% gain
Any chance we bounce off the trend line yet again before hitting the resistance at $3.50 and, at that point, deciding which way to go?

Just posted the update. I explained it there.
chartwatchers chartwatchers
No more pop. We are too late. And big players are out of positions.
Look at the monumental green candle 5 days ago. Smartmoney left the building.
watsonzou26 chartwatchers
Exactly. But I just downloaded all my shorts temporarily, going to uploaded again when the chart transfers to Dec. contract.
watsonzou26 watsonzou26
+1 Reply
Hi Arpi, is this cycle going to be longer than usual? If so, where do you see it end? if you expect NGAS to tag the 200 SMA it is more likely to happen in the next daily Cycle?
Oh fu......k ...3,42
What a good retesting mini neckline and a violate day will be.
watsonzou26 watsonzou26
I mean it will be a volatile day. BTW, 8-14 days weather forecast seems to be good for bears and Nov. contract will be expired soon.
Data? What data? When is it released?
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