Hopefully the light at the end of this tunnel isn't a train, as most home owners buyers
and users of Natural Gas have felt like they have been hit by one.
NatGas peaked before heating season, leaving many home owners holding the bag for ill-timed gas company purchases.
This is the wildest west of commodity trading....
Certainly a confluence of 2 harmonic patterns . Hopefully the chart speaks for itself.
I would rather miss the bottom and advise no action until there is clear evidence of a momentum change to the upside.
As always this not investment advice ... DYODD !
I will monitor...
S.
and users of Natural Gas have felt like they have been hit by one.
NatGas peaked before heating season, leaving many home owners holding the bag for ill-timed gas company purchases.
This is the wildest west of commodity trading....
Certainly a confluence of 2 harmonic patterns . Hopefully the chart speaks for itself.
I would rather miss the bottom and advise no action until there is clear evidence of a momentum change to the upside.
As always this not investment advice ... DYODD !
I will monitor...
S.
Comment:
A further beatdown... not even a hint of reversal
Comment:
Well still no joy in Mudville. Price in the center of the PRZ but no change in momentum
Comment:
An update... some signs of a bottom being formed... no movement in momentum
Comment:
UNG ETF.. perhaps another way to play a NatGass Reversal