Natural Gas Pullback then Long
Updated
After a mega run, Natural Gas needs to take a break and will be pulling back before beginning a new run upwards, likely toward the $6 range... it might not go that far, but it's going to have a lot of power behind it once it reverses. The daily time frame has broken the uptrend in COG and CMF, so the uptrend should end. I believe that Natural Gas will be one of the top performers in commodities over the next few years and I think that in a few weeks we will have an opportunity to get a great entry. Check out my last natural gas idea from two months ago. It was when I was first implementing my trading strategy and I really liked the Natural Gas chart, but it threw me a curve and I bailed... it has been frustrating to watch it go up like it has, but I've tried to learn from it.
Note
It is becoming more possible that this is not going to be as much of a correction and is currently in a bull flag and consolidating before it makes a new high.
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