Frustrating time for Natural Gas shorts. :)
Price is just crawling higher and higher. Every day is a new hope price will come back to show up a pullback.
But that's just don't want to happen.
Natural Gas has a long way to go. If it continues this crawling up it's not necessary to stop at 1.950. Price will just crawl through that breakdown level and heading to 2.170 and 2.308.
With this type of move it can go very far. I will post a chart this weekend wth the daily cycle of NatGas.
10 EMA is holding the price - for a long time the pullbackas might come back to the 10 EMA only...
It seems we entered at the exact bottom.
I'm LONG : NATGAS, UGAZ, GASL
Price is just crawling higher and higher. Every day is a new hope price will come back to show up a pullback.
But that's just don't want to happen.
Natural Gas has a long way to go. If it continues this crawling up it's not necessary to stop at 1.950. Price will just crawl through that breakdown level and heading to 2.170 and 2.308.
With this type of move it can go very far. I will post a chart this weekend wth the daily cycle of NatGas.
10 EMA is holding the price - for a long time the pullbackas might come back to the 10 EMA only...
It seems we entered at the exact bottom.
I'm LONG : NATGAS, UGAZ, GASL