dchua1969

Time to let go some NGAS

Short
dchua1969 Updated   
FX:NGAS   Natural Gas (Henry Hub)
see weekly chart
Comment:
touching the support line (blue) , watch if it rebounds or falls through.
Comment:
A violent breakdown. Next week, it is likely to do a pull back before resuming heading south towards 2.208 level. Remember to take partial profits and adjust your SL accordingly.
Comment:
It hit the resistance at 2.45 nicely and pull back nicely. Hope you get it.
Comment:
a bearish engulfing candle provides much strength that the sellers need.
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