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

Also note on that Nat Gas chart the time of year each MAJOR low was seen in 2009 and 2010. It was in this time of year Sept/Oct those major lows were seen with a powerful rally occurring after. So while nothing much is happening presently the uptrendline is at critical 2 year support level and the time of year is once again in the Sept time frame so one does need to pay attention to even a breakout over that short downtrendline for a signal of at least a bounce back if not much more. Clearing that downtrendline is the 1st thing that must occur to suggest further upside. But if there ever was a time to be paying attention to Nat Gas prices it would be now far more than before. Just don't jump the gun on it as it still has to prove itself and also hold above the 2 year uptrendline as well! Big test right here for NG.