Natural Gas Bullish Channel w/ Fibonacci Extensions
Natural Gas has been on a strong bullish move. We could be nearing the half way point of a channel. If we near the upper limit of a channel I will look to sell and enter for a short-term counter trend trade.
Underlying Positions
UGAZ - Bullish Trend
DGAZ - Counter Trend
Fibonacci Extension
Recent High Jan. 26 to Recent Low Feb. 22
1.272 Extension TGT $3.726
Underlying Positions
UGAZ - Bullish Trend
DGAZ - Counter Trend
Fibonacci Extension
Recent High Jan. 26 to Recent Low Feb. 22
1.272 Extension TGT $3.726