Natgas Continuation of uptrend or reversal.

It seems that natgas is at a critical threshold of determining reversal or continuation of uptrend to meet a multi year resistance line. Large injection into storage last week may be putting a dampener on the price. I would say a good trade opportunity is coming up. Wait for break out of triangle to get a large one directional run. If timing is good you could hopefully set a stop in the green or wait it out for a larger gain.

Commentaire:

Multi year down trendline hit, Im going to wait until end of day on wether or not to drop my long position.

Commentaire:

I sold my long position , and went full short positin.

Commentaire:

Short position doing very well
NG1! futures was more acurate charting pattern, it did exactly as I predicted here as its downtrend line was higher.
Riding natty down until bullish daily candles appears.