Nat Gas clone levels
This is a longer range chart of Nat Gas with it's clear descending wedge structure, which is overlaid with clone levels. The reference range for the clones is the spike at the start of the winter season 2018.
The safest long trade - if there is such a thing with NGas at a time when Permian Gas is beng flared off at a criminal rate - would be to hit it as low as possible close to the wedge bottom boundary. Timing is all important with the Widow Maker - so pay it lots of respect and never get cocky with it.
Otherwise watch from the sidelines and enter a safer trade instead.
The safest long trade - if there is such a thing with NGas at a time when Permian Gas is beng flared off at a criminal rate - would be to hit it as low as possible close to the wedge bottom boundary. Timing is all important with the Widow Maker - so pay it lots of respect and never get cocky with it.
Otherwise watch from the sidelines and enter a safer trade instead.
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