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.
Note
This is what I meant about CLNote
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
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Uday C Santhakumar
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.