Mysjkin

NGAS - Potential BUY

Long
FX:NGAS   Natural Gas (Henry Hub)
The NGAS has entered a symmetric triangle after several weeks of decline, the market has approached the lower limit of the triangle, which could indicate a BUY if limit holds up. This is further supported by a -51B US NGAS stock change for this week (vs. -45B predicted) as well as a bullish MACD pattern emerging. Look for upwards break of the triangle which could indicate a new bullrun for NGAS.