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TFC Commodity Trading Forum

Sept Nat Gas/ Kaboom *PIC*

Sept Nat Gas poked its nose above 3.15 resistance which is also the 200 EMA BOOGIEMAN and got clobbered once again. It just doesn't believe that "RESISTANCE IS RESISTANCE". Clearing 3.15 and the 200ema that has stopped NG in its tracks for years now is the big acid test of resistance. So far this is a nice multi month base building pattern after a plunging bear market but still has to prove this is not just a bear market bounce. Price must 'clear and hold' above 3.15 to mean much of anything. So far looking good "within a bear market". Price is now trapped at the next higher level between 2.91 and 3.15. All the lower indicators are above their center lines and the 20ema is above the 50ema and rising. The double bull Nat GAS ETF:BOIL has dollar changes daily rather than pennies. Good name for it as it does boil up and down dramatically. Not for the faint of heart.EX:" today's" price range between the high and low on BOIL is $3.30.

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Sept Nat Gas/ Kaboom *PIC*
Re: Sept Nat Gas/ Kaboom/Trades