Close to Intermediate bottom in NaturalGas
Natural gas has retraced 50 % with a very steep drop-curve and is oversold.
The momentum indicator is flat and has turned.
This is a good place to add first long position. I will add 50 % here.
The momentum indicator is flat and has turned.
This is a good place to add first long position. I will add 50 % here.
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I added some more. After it rose 0.75 % for the second time today. Turned out to be wise.
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NatGas is keeping its 200 DMA and is not making a lower low despite a bearish inventory report.
Today's red candle is for shaking off chasers in my opinion.
Today's red candle is for shaking off chasers in my opinion.
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Volume is low. There are no more sellers left.
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Looks like we hit that quite on the spot... :)
