gLloW
Short

Short Natural Gas, possible H&S on the Daily

FX:NGAS   Natural Gas (Henry Hub)
153 2 1
I'm not sure why, but Natural Gas             just jumped 10%, but the chart looks very bad with major bearish divergences all over. I'm looking for it to jumped up to the $2.180 - $2.200 area and then start to pull back. If it does, it would form a H&S reversal pattern, possibly to the $1.600 area. If the price breaks well above the right shoulder line, this idea should be abandoned.
Jason7sc
6 months ago
That +10% is contract rollover.
Reply
gLloW PRO Jason7sc
6 months ago
Thanks. I don't know what that means but I will research it.
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