Henry Hub Natural Gas Futures (Oct 2012) forum
NG1! seasonally nat gas typically pulls back to mid march, then it typically rallies into the summer as power demands for cooling are more, Wednesday the nat gas contract renews into April as its forward looking, they buy the gas ahead of the next month, we are heading into spring, I think this was the last push up for winter demand as USA had cold temps = higher demand the last month, looking at the weather over the next week looks like warmer double digits mainly, if gas closes below 3.913 on the week TF id say down to what level hard to say but the 3.20 level looks like a target, time to short gas I think so, good hunting all
NG1! last month it showed 299 low, can we see 270-80 low this month? lower high, lower low pattern.
NATURALGAS1! mcx should face stiff resistance between 385/88, downside may be 371/361
NATURALGAS1! Levels for today
NG1! watch 4.38 if broken more upside expected.
NATURALGAS1! 374.4 to 375.4 is a resistance be cution!
if break go up if not break go down.....let's see
NATURALGAS1! understand why this level is important
NATURALGAS1! Lets see if it goes there
NATURALGAS1! tradingview.com/symbols/MCX-NATURALGAS1!/minds/?mind=mWLEOLjqS7GZjnODq9JiZAI was saying for several times you need to understand
MNG1! Yikes that last candle was a nasty little liquidity sweep. Hope you had fun on the way up, but this looks way overextended and ready for a correction.