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

Re: Natural-gas futures retreat further after EIA *PIC*

Yes the bottoming pattern I mentioned the other day did not follow through as the others. As I said a countertrend trade tends to end badly as usual. Rowing upstream is not the best idea as a rule. Price did bounce up to the falling 20ema as expected and sold off again but unlike the other bottoming patterns didn't clear it and run again. Price is now breaking below the bottoming pattern. Not a good sign. I am long gone out of this with a very small loss as usual as I don't accept drawdowns. More time will be needed for the chart to tell another story.

Messages In This Thread

Re: Natural-gas futures retreat further after EIA *PIC*