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Re: NatGas Chart ?/Lee *PIC*
In Response To: NatGas Chart ?/Trades ()

I'm doing ok. Not making any crap shoot trades though. Just short term ones that have more than a winning chance than a coin flip. Price on NG does look like it will not re-clear 4.21 again and is a sick puppy within a one year sideways channel. The last bounce was weak as the technicals suggested and bounced weakly and rolled over again breaking below 4.21. Price can't keep tagging a support point as that removes support each time tagged. Being in a sideways mess of a channel it can do most anything as there is no trend so makes it hard to trade without any bias in direction. But I don't expect price to rally from this pt and is more likely to start testing 4.00 again. This 4.21 support is about worn out with no support left there from what I see. Seasonal trend charts in all time frames for August are choppy to down with the last 1/2 of August down hard into early Sept.

Messages In This Thread

NatGas Chart ?/Trades
Re: NatGas Chart ?/Lee *PIC*
Re: NatGas Chart ?/Lee/Trades