easy down TL makes for a great short. Tight stop at 3.43, target 3.24.
Long-term trendlines are not compelling reasons to take a trade on their own, however, as participants begin to acknowledge them, the idea is more likely to gain traction as a socially constructed phenomenon. In this case, Nat Gas has broken a technical trendline, that for many market participants is a *technical as an idea*.
The unstoppable NGAS may have finally peaked. Tight stop at top of channel. TP1 3.4 TP2 3.3
found a H&S on the daily, targets on chart. Looking for some range/consolidation before the next leg up to the $3 seen in July, and then plummet just in time for a global warmed winter (maybe?) MAJOR KEY for long is breaking $2.87 this week or next!