Natty Gas breaks short-term downtrend

We are long-term bulls on Natural Gas.  The last several weeks natgas corrected its recent breakout.  The correction set up a positive technical picture.  We see a 50% correction that tested and held a rising daily 50 sma, and improving momentum oscillators in daily and weekly time frames.

We are long natgas futures now.  Stocks with gas exposure were hammered recently and we will being doing more work on them over the day.

NGZ2 – Daily

NGZ2 – Weekly

NGZ2 – Daily

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  1. Pingback: NatGas – a more cautious view | Bikini Analytics

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