Short NATGAS based on warmer weather projections (builds in inventory), and bear divergence in RSI.
Sell it ;) Pink Line is our targets, Green line and lower is our entry. Market order sell now is good.
Friday I started selling my position in NGAS. Whilst I do expect further movement up, I think that there may be a possibility for some profit in the short side. That's because the upper BB did not seem to widen when the price reached it. This is a very common sign of NGAS reversing. Furthermore, the STOCH RSI look like not much upside is available. The MACD is...
In the previous days a pattern has been observed where in the beginning of the day, NG tend upwards but around 10-11 a.m (BST) when volume starts picking up there is a reversal and the downside begins for the day. Thus, I think that every move before this time is just an opportunity to build a position. For those unable to trade futures - even more since DGAZ...