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TFC Commodity Trading Forum

March Nat Gas/AGAIN *PIC*

For the roughly dozen or more times I've posted about Nat Gas with comments in case you missed all those posts over the last year or two here is the March contract "once again". Same old same old. If it looks like a bear and acts like a bear it is probably a bear as I've said many times. Nice steady downtrendline with the falling 20ema tracking down along with the falling 50ema along with the falling 200ema. New lows again today. Nothing has changed yet. And this bear all began in July 2008 actually. Price does run up to the falling 20 or downtrendline resistance now and again in typical bear market fashion and then rolls over again to make new lows. Note the RSI 21 fifty line.