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Re: Ng Price/Lee *PIC*
In Response To: Ng Price/Trades ()

I don't pay much attention to fundamentals as they are too variable and what's reported in the financial news isn't real much of the time anyway. Some hot shot big boy only feeds the media what it wants it to report. If I had that kind of clout I'd do the same. Good way to get richer than you already are. But here is the chart of the Nat Gas Stock ETF:FCG and it is in exactly the same pattern as Oct Nat Gas with a perfect downtrendline to watch. It has outperformed Nat Gas itself as Nat Gas companies can and do pre-sell at higher prices and have various strategies for making money on NG. I expect a breakout soon but the market doesn't care what I expect. Proof is the clearing of the downtrendlines and even then needs to follow through to the upside to confirm. I heard that the bearish sentiment on Nat Gas was at an extreme and that tends to be a low in Nat Gas historically. Add to that the seasonality bullish from now on and odds are favoring a breakout. But the market will decide that not us.

Messages In This Thread

Ng Price/Trades
Re: Ng Price/Lee *PIC*
Re: Ng Price/Lee/Trades