Natural Gas Due for a move to upside

I believe natural gas is respecting the support trendline quite strongly and as long as this trendline is held I am long on gas.

One thing is for sue, we are much closer to the bottom than ever before... it is amazing that NATGAS is now worthless! too much production and storage has contributed to this freefall (not to mention that I believe it is highly manipulated).

At some point the producers will cut production to balance their costs...

Commentaire:

So far we are crawling up the path depicted on the chart... lets hope it comes to fruition :)

Commentaire:

going according to the plan. I would take 33% off the table

Commentaire:

Going according to the plan. Unloaded 33% of position. Waiting for a small pull back and re-add again with that 33%

Commentaire:

I am preparing to add to my longs at around $2.4 if we ever go there