Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Natgas Weekly Chart *PIC*

If price can build on, or at least hold, yesterday's gains and close the week above the March high ($4.55), then a breakout on the weekly chart will appear to be in place, with the 16 month downtrendline back to the January 2010 high of $6.08 (not drawn here-get out yer rulers ;) ) finally giving way as well. The January 2011 highs ($4.75-4.83) then becomes the next resistance level for NG to challenge.

So far so good early this morning with the June futures having moved above $4.60 already...

Messages In This Thread

Natgas Weekly Chart *PIC*