It is summer!!! No one needs gas!
While WTI is recovering some, Gas capitulates.
Weekly:
- Price hit the lows only seen in 2012 and 2001!!!
- Note that weekly candle will close on friday only. Will be interesting to see the final close.
- Absolutely bearish, but I doubt Gas will be free. It looked same in 2012, actually that was the list time I traded Gas for long :-)
Daily:
- Bearish
- Price in free fall, but quite oversold! Reached a possible resistance (lower line)
- haDelta/SMA3 may have a really minor positive divergence after reached quite low value yesterday. Bearish momentum should ease in coming days.
Buying here is bottom fishing. I did it in small.
Weekly:
- Price hit the lows only seen in 2012 and 2001!!!
- Note that weekly candle will close on friday only. Will be interesting to see the final close.
- Absolutely bearish, but I doubt Gas will be free. It looked same in 2012, actually that was the list time I traded Gas for long :-)
Daily:
- Bearish
- Price in free fall, but quite oversold! Reached a possible resistance (lower line)
- haDelta/SMA3 may have a really minor positive divergence after reached quite low value yesterday. Bearish momentum should ease in coming days.
Buying here is bottom fishing. I did it in small.
