NG - Struggling with lack of Strength
Natural Gas is struggling to lift its head up above water. Makes more volatile.
1. The Short term trend resistance to clear. (until then short this)
2. Retest the Mid trend line (short it on weakness_
Oil gained a bit more strength. Would love to see this gain as well. So Energy market can lift off, pull the retail index down and cause a sector rotation to keep the market choppy for a while.
1. The Short term trend resistance to clear. (until then short this)
2. Retest the Mid trend line (short it on weakness_
Oil gained a bit more strength. Would love to see this gain as well. So Energy market can lift off, pull the retail index down and cause a sector rotation to keep the market choppy for a while.
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This is what I meant about CL
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Retesting the Mid Line. Watch it here. Seasonality, Technical pattern match. Highly suggesting a downward move on the NG. Keep the Crude on Side watch, Things could change, If Crude Breaksout, Will aid SOME positive cashflow into Natural Gas aswell.
Uday C Santhakumar