
After the violent sell off in Natural Gas (NG) it appears we have broken a significant downtrend. We had a Doji yesterday followed by a nice gap-up and Bullish Marubozu, these along with increased volume point to a potent rally in the works. 9/17
I'm still a believer in the NG rally. Although we had a bearish injection number of 67 Bcf, verses analyst forecast of 63 Bcf, and the minimal damage from Ike the chart is compelling. Lets keep our eye on this one and see if we can find a good entry point. 9/18
No comments:
Post a Comment