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TFC Commodity Trading Forum

Re: NGG13 Chart/Trades
In Response To: Re: NGG13 Chart/Trades ()

I expect a rally to the 4.30-4.40 area at which time I will sell for an anticipated pull back to test the breakout area around the 4.08.Wouldn't be surprised if 3.90 area got tested on the pull back as these markets usually tend to overshoot support and resistance areas to create confusion and doubt. Wall of worry about to get climbed?? After all, how can gas prices rise with such an excess supply??? Yet they are in a upward trading channel albeit slight and higher than prices at this time last year. Should this scenario unfold, I will be repurchasing again in the 3.90 area. Rolly