FX:NGAS Natural Gas (Henry Hub)
TL from 2013 lows & 2014/5 highs
CONTROL WHAT YOU CAN
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.