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.
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.
