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

Sept Nat Gas/Pull Back *PIC*

Sept Nat Gas poked its nose above 2.91 resistance once again and sold off. Big difference this time is price only pulled back to the downtrendline breakout point. So far no technical damage has occurred despite closing below 2.91 on a Friday close. Only thing that will suggest further weakness is a close below this breakout pt that holds. So far this is still looking good technically. Keep in mind this is looking good 'in a bear market' for a rally of significance. Price still has to consolidate in this price range and then more importantly clear and hold above 3.15 for the buy trigger. Meanwhile enjoy the fireworks (on the sidelines) The pattern is still developing. You don't eat a half baked cake!