NG broke out of a symmetrical triangle in textbook fashion. I'm long from the break out and targeting the resistance line in a larger channel formation, although I took some profit today.
I'm an optimist by nature, and I'm glad to be long something in my portfolio.
A simple chart showing the downtrend of NatGas since the peak of Dec, which is the norm as winter days started to decline.
However the weather becoming bearish so quickly has resulted in a steeper decline. I believe we will decline until early March.