NYMEX:NGV2012   NATURAL GAS FUTURES
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Long Natgas NGV12 3.075 with target 3.265. Swing trade supported by seasonal strenght. OBV increasing. If monday is another red bar entry position could be moved lower. Leave your feedback.
I am still expecting a downside correction to hit the market at some point... not likely until after this week's lower than normal injection is digested by the market. I also expect prices to remain in a trading range of $2.50-2.60/mmbtu to $3 to $3.10/mmbtu for the majority of the shoulder season.
http://www.cmegroup.com/education/market-commentary/energy/2012/09/pre-open-natural-gas_207.html
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Price pulled back today. I have lowered my buy stop to 2.99. Risk minimum ATR(20) = 0.127, potential reward 0.265. Not bad!
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