The NGAS has pulled back the 0.618 retracement of the previous decline and the market will be likely to continue the down trend. Meanwhile a pinbar appeared after the market hit the 0.618. So it is good to sell short at 3.06-3.08 levels. SL:above 3.20 Target:2.66 and further more
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The market is still struggling at this zone.
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Tha market moves as expected and more profits are taken.
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All short positions should be closed because the reversal pattern appeared.
Wasn't this a chart error in the nov/dec contract rollover? Overall prices of Nat Gas have not changed and obviously did not correct like 11% in a day....