Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

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

Hi Lee. Yes NG has crossed above the 20ema but has done that before like most bear markets do from time to time. Price is trying hard to hold at this mid January washout low and so far it is holding. Price now has to clear the downtrendline and more importantly price resistance at 3.00 on the April contract. This would give price a higher low and higher high and break the downtrendline and 1st price resistance and would suggest a nice base was in. Doesn't mean price would have a V bottom but would suggest a sideways to up market was now in the making. I'm not impressed regardless as there are better fish to fry. Bottom picking is a dangerous countertrend game that tends to end badly as the trend is against you. Like rowing upstream. Watch Crude and other energy markets as they could do much better here.