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Re: Nat gas, /rolly
In Response To: Re: Nat gas, ()

Was just looking over the charts rolly. Looks like we are closing in
On the bottom of the trend line and .618 retracement of the last up move on a 60 min chart.
"Looks like a w5 ext ."this could possibly finish the correction. The possibility of bouncing back to the 264 basis dec contract would not surprise me as that would be the .618 of this past weeks drop. Would enjoy seeing it carve thru there.
I'm still long and looking to add. But will wait and watch.
If we touch 347-350 I may take a shot as its a low risk trade.

Trade well and hope that helps

Commodity kid

Messages In This Thread

Nat gas,
Re: Nat gas,
Re: Nat gas, /rolly