LEONES
Long

Cold weather coming - switch on the gas!

NYMEX:NGX2013   NATURAL GAS FUTURES
162 4 1
Natgas posted a low on the 08 Aug 13 (3.300). We are currently trading above the 20MA where the price found double support (20MA and 1/1 downsloping Gann line). The overall chart pattern is an inverted H&S , breakout of the neckline is going to project the price higher towards the next Gann line (2/1) . Another important bullish signal is the crossing of the 50MA by the 20MA to the upside. This market has a strong seasonal tendency to bottom in July/August and peak in December ( seasonal trend is on our side)
market not reacting well - i'm out for a small loss
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Too much supply. Seasonal trend weak during solar cycle 11.3 year peak, 2012-2013. I'd play seasonal nat gas plays only during solar cycle troughs.
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Thanks... I like the NG play this time of year... nice chart...
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Buy order triggered
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