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.