cjprange
Long

Natty may have bottomed

NYMEX:NGZ2016   NATURAL GAS FUTURES
41 0 1
The decline was so violent that if you blinked you missed it, it happened so fast I couldnt even get short at X. But it appears that the entire decline may be over and we are ready to resume the bull market. This idea is wrong under 2.75 and right above 2.85 on the December contract
Comment: if we are rejected at C then we can expect more downside, a strong rally above the channel and the bottom is in and we can expect more upside
Comment: No impulse upwards move after all. Instead a correction and further downside ahead. I'm looking to close my small long on an anticipated bounce today and await further downside towards one of those Y targets.
Comment: long closed
Trade closed: stop reached
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