gLloW

Natural Gas Pullback then Long

FX:NGAS   Natural Gas (Henry Hub)
291 1 3
5 months ago
After a mega run, Natural Gas             needs to take a break and will be pulling back before beginning a new run upwards, likely toward the $6 range... it might not go that far, but it's going to have a lot of power behind it once it reverses. The daily time frame has broken the uptrend in COG and CMF             , so the uptrend should end. I believe that Natural Gas             will be one of the top performers in commodities over the next few years and I think that in a few weeks we will have an opportunity to get a great entry. Check out my last natural gas             idea from two months ago. It was when I was first implementing my trading strategy and I really liked the Natural Gas             chart, but it threw me a curve and I bailed... it has been frustrating to watch it go up like it has, but I've tried to learn from it.
5 months ago
Comment: It is becoming more possible that this is not going to be as much of a correction and is currently in a bull flag and consolidating before it makes a new high.
gLloW PRO
5 months ago
NGAS was up almost 2% earlier today but sold off before open and is now down over 1%... but all of the hourly waves are still within their channels, so I still believe $2.9 is an obtainable target point by today or tomorrow at the latest.
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