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TFC Commodity Trading Forum

Re: March Nat Gas/ Successful Test/so far/Randolf *PIC*

Thanks. But as you can see I've redrawn the "Hell in a Handbasket". I've made the basket much deeper to allow for a plunge. I kept the blue handle at the 2.40 line and the top of the basket where the recent low ended up. So HELL is a lot deeper now and more centered and bigger. Good idea,thanks for the tip. One thing that has surprised me as reading numerous comments about Nat Gas I was surprised at how quickly so many turned bullish and predicted a low here.The washout and extreme sentiment does match up well with a price low and the pullback from the 20ema while still bearish did successful test the recent low. But it is still a bear in all respects until it can clear the recent high and 1st resistance to even suggest a low 'could be' in and a base is being built with sideways to higher prices from that point. Meanwhile if it looks like a bear, charts like a bear and acts like a bear it's probably still a bear...............