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TFC Commodity Trading Forum

Re: weather, Nat Gas/Lee *PIC*

It wouldn't have been me talking about 'build' or reports or fundamentals as I don't pay much attention to that stuff. I just go by the charts and for the broad fundamentals the seasonal charts in 3 different multi year time frames are a good 'guide' of fundamentals for me. I did post a few charts of Sept Nat Gas and mentioned that price was technically weaker this time at the 4.21 lows than previous tests of this support area and warned of this. The bounce back was a dead cat type and rolled over and broke support as the technicals suggested it would. Recall my mention of the 20ema crossing below the 50ema on the last pullback to support unlike the other times which showed technical weakness rather than strength. Also the Modified MACD was breaking below the 0 line on this pullback as well unlike other times it had found support there.