Natgas (NGH15) reached support at 2.800 the first two weeks of Jan2015 and is currently setting up for a long trade towards the median lines intersection at 3.600-3.700 (expected on the 28Jan2015). At 3.60 the bear trend will probably resume.
Comments
OffTheFloorTrader
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Nice chart. Would love to see the big boys in Houston flush it to get late shorts stuck Then we could see an accelerated move. I love Nat Gas because it's thin...but I hate it because it's thin. ;)
LEONES
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seems ready to go!
Mickette
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yep!
Mickette
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The gap of this starting week (3.086 - 3.036) has to get filled to obtain a certain certitude of upcoming bullishness
LEONES
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I'm long at 3.00!
LEONES
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i don't think that was a real gap, it's just the way they record and report the data..anyway inside day today good sign!
Mickette
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My gap indication is right. I recommend you not to forget to add the open gaps in UNG for your analysis
Mickette
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Still no sign of euphoria
Mickette
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OffTheFloorTrader
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This is getting interesting. We will wait until we get a trigger to get long. Still would like to see them get late shorts stuck. Where's the sub zero temps when you need them? ;)