Thanks, I understand your comments.
Was not trying to beat a dead horse but have been looking for a turn upward if it is going to follow the seasonals at all.
On this comment:
"Seasonals haven't been much help with NG for a long time either due to extreme bearish fundamentals. "
I thought the seasonals were tracking pretty well for last month or so, but maybe I'm reading too much into it ???
I try to avoid "counter trend trading" and had been shorting Ng off and on when it moved "sensibly" and could catch a decent day trade......Until yesterday when I got out of my short with a whopping $3 profit !!!!! Went long this morning, following it closely as it went up. When it stalled at 4.0 I closed out.
I figured it was all done going up for today and when it did jump up to 4.05 there is no way I would have caught.it.
I am "all done shorting it" for the time being until the "dust settles" !! But, I do think there is a chance for it to continue higher and would likely trade it up if the opportunity arises, but it could just as well come crashing down on tomorrow's inventory report, so will certainly stay clear of that and be ready for the aftermath as I do think this market is fixing to start moving. Volume also seems to have been pretty healthy today as well.