Do you remember how bulls were crying when I shorted NatGas here ?
Those who are still sitting in the shorts will be able to close their positions in the next 4 days in the panic selling.
Buying in the panic selling is a beautiful thing. And very profitable also.
So the late NatGas bulls will be panic selling in the next 4-5 days as we broke the important support at 2.64$.
We will bottom around 2.4$. But I'm not going to enter at a predicted price now . I will enter in the next 4-5 days as I will be watching how the panic selling plays out.
Minimum 3 more days till the bottom.
Of course that someone knew it 2 days ago.
That's why we are in the panic selling...
Someone had to start the selling.
The earliest it could bottom is Tuesday.
And maybe we got the bottom only next Friday.
Ps: This is why sound money management is key here and I'm fortunately well diversified to withstand any kind of short term volatility.