MoneyFlowTrader
Long

Could this be Natural Gas Daily Cup Handle? $ugaz $dgaz $ung

FX:NGAS   Natural Gas (Henry Hub)
320 6 7
Neckline hasn't been broken,Looking for close above $2.50
Given the current inventory concerns & uncertain 2nd 1/2 half of winter it's dicey at best. Feb contract already falling off, running out of time I think here unless major cold snap hits
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Would you consider the neckline to be broken once it goes down through 2.52 ? thanks for your response
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@MartinX, in this current enviornment I would, but I would also look at the weekly chart for any support. I then wouldn't be a buyer of Ngas until prices is over $2.734 (38.2% fib level)
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MartinX MoneyFlowTrader
@MoneyFlowTrader, thanks!
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Great chart
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@piptamil, thank you
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