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.
Comments
LEONES
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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!
4886206
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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.
cmegroup.com/education/market-commentary/energy/2012/09/pre-open-natural-gas_207.html