pantheo

$NG1!, $NG_F Natural gas at confluence resistance

FX:NGAS   Natural Gas (Henry Hub)
163 3 3
TL from 2013             lows & 2014/5 highs
Is it a long or short based on your above chart? Thanks.
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pantheo PRO ahmetnmsl
Commercials are net short by 1,000 contracts - first time since Feb 2014- and sentiment is getting in the optimism area, but not extended euphoric at the moment. These conditions are favourable for a reversal along with confluence resistance, but we should have a PA reversal first to consider short play, as IH&S NL just broke out. It will be volatile, take care. P.
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ahmetnmsl pantheo
Thanks
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