Tuesday, January 10, 2017

Natural Gas (NG) Closes an Old Gap

Since the beginning of the new year, Natural gas has been selling off in a "determined way"
Yesterday, NG reached a key level closing a gap created around November 27/28th…
Flip to the long side is observed today
Watch to clear congestion to the left, then long to fill the 2016/2017 gap?

Plan - Intraday trade per in balance rules. Monitor for breakout long.

(right-click to enlarge photos in a separate tab)