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TFC Commodity Trading Forum

Re: October Nat Gas/Lee *PIC*
In Response To: Re: October Nat Gas/Lee ()

Thanks W. I guess I could say "It will go to the top of the keltners and come back to the mid point. OR go to the bottom of the keltners and come back to the mid point. But that would be the same as saying "PRICES WILL FLUCTUATE",LOL................. Great answer hey,lol. But I do like the well established 4.15 price point on NG v1 that has been well tested as support and since its breakdown has been tested and confirmed as resistance now confirming the importance of 4.15. Plus you have a downtrendline there as well. Only a break above this price would turn the chart bullish. Meanwhile a bear is a bear is a bear. That ETF:FCG with 30 NG stocks bounced nicely off 17.50 support and showed a strong positive divergence on that double bottom then. It's bounced up to 18.66 in short order but is pulling back now. It is dramatically outperforming NG. There is a downtrendline just above at 18.80 and I'll be watching that for a breakout trade this time. Doesn't cost anything to wait for proof.