Natgas hasn't impressed much in this intermediate cycle, trend has been downwards, sideways.
The last 25-26 days of an intermediate cycle are normally rough for natgas. My main trend-change I expect approx Sept 27. This chart would place a low in at Sept 15th, so in the later half of September, I expect a trend-change to occur to the upside.
I will hold my short positions until Sept 15th and start with long entries from around that date.
The last 25-26 days of an intermediate cycle are normally rough for natgas. My main trend-change I expect approx Sept 27. This chart would place a low in at Sept 15th, so in the later half of September, I expect a trend-change to occur to the upside.
I will hold my short positions until Sept 15th and start with long entries from around that date.
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Bullish Hopium
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Assume we will get a red nice close today.
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I like the breakdown so far. So much hopium vanishes at instant :O
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Bulls have one more hope left though.
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Target? Hm, a bit difficult, but this looks like the most likely:
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Nothing is yet wrong for the bear scenario. But volatile? Oh yes.
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I still hold short even though it wiggles a bit :)
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Dreamtarget to the downside is 2.3. What a beautiful bullslaughter that would have been <3
Dreamtarget to the downside is 2.3. What a beautiful bullslaughter that would have been <3
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Failed breakout? How sad :(