albert.callisto
Long

Natural gas - May it turn bullish? It's winter and snowzilla

NYMEX:NGG2016   NATURAL GAS FUTURES
37 0 2
The price evolved from summer to end 2015 in a downward regression channel. It decided to escape towards the cloud. Retracement was not violent enough to get back into the channel as can be clearly seen in the chart. Price is now evolving in the cloud where it may consolidate for a while before attempting to break through. This would be the first criteria for a bullish trend . That could take two or three weeks. Meanwhile, a more risky trade would be to go long after a rejection of the Kijun (SL at base of the cloud, TP upper cloud area or above).
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