Natural Gas: Weak Day / Strong Week

قبل ٥ أيامNatural gas had a bit of profit taking today and you can't blame the bulls for trimming especially since we did the same.

The Daily chart now needs a couple days of consolidation before another sustainable push.

The weekly chart recaptured the 50 Weekly MA...very good near term sign.

This can now be used as a support level to trade against for very tight stoploss swing traders.

As long as we remain above the breakout neckline we should be likely heading to retest 2.75 & $2.90

Levels below can cause nat gas to fail and fall substantially. Alway remembers the Weekly trend still has Lower highs in place.