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.
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.
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.
The data has to be extremely good to hold price at this level.
Comment:
Closed below the 20 EMA.
Indicators looking good today.
Indicators looking good today.
Comment:
Man they've almost tricked us out last week with that breakout...
Trade closed: stop reached:
30% gain