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TFC Commodity Trading Forum

Jan Nat Gas/Ronbo *PIC*

Hey Ronbo. Jan Nat Gas broke over that tight 7 day channel top of 3.61. Price could run up to the downtrendline at 3.80. Or even poke its nose above it like last time and run up to resistance at 3.87. If it's ever going to do it now would be the time with postive seasonals into mid Dec and the RSI 21 tagging the very oversold 30 line which is rare. But I don't expect price to break the downtrend and go to the moon either like some that keep raving about this "cold weather guarantee" of soaring prices every November. It is what it is and price is bouncing off an oversold condition with postive seasonals. Should have a bounce if nothing else. So far so good. Good luck with the trade. Hope all is going well in your life.