With the extreme cold weather in most of Canada and the U.S. Nat Gas is not rallying like one would expect with those conditions. Nothing more bearish than a market that ignores good news. Seasonals are also bearish historically from mid Dec through mid March with some volatile choppy sideways action on the way down. Only a late but brief January spike has been seen historically. But price is king. So far "price action" has not been impressive with the vicious cold winter weather. Not a good sign for NG. Note price run up to its 20ema and selloff again each time. That is typical of a downtrend. That needs to be cleared and held to turn it around again and then see price bounce off it as support. So far no cigars.....................And if you have a U.S.Passport you will be reporting your income to the IRS as well as Revenue Canada. I avoided that possibility thankfully. There are new laws regarding that now. Good luck with both.
