chartwatchers

Natural Gas - Almost there

FX:NGAS   Natural Gas (Henry Hub)
48
We are only 4-5 days from the cycle bottom in NatGas. I was reading at many forum sides 2 weeks ago that NatGAs has bottomed. They were wrong. NatGas has a very complicated cycle count and for those who doesn't have it better to skip this instrument because more often they will lose money than win.
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.
Comment:
2.3$ is not out of the table....
Comment:
Entereing to the red zone.
Comment:
:panic:
Comment:
Panic selling DAY 2
Minimum 3 more days till the bottom.
Comment:
NatGas data: inventory build.
Bearish...
Of course that someone knew it 2 days ago.
That's why we are in the panic selling...
Someone had to start the selling.
Comment:
Again:
The earliest it could bottom is Tuesday.
And maybe we got the bottom only next Friday.

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