If we grind down to 8.27, we might be able to close that gap
down to 8.13. It almost looks like the MACD wants to keep falling.
I'm hoping the bottom falls out.
The 3.36 area is decent support on the futures, so wouldn't
suprise me if it try to muster a bounce here, but there's a lot of
"thin air" underneath if this breaks, so having the bottom falling
off is a good possibility if this area doesn't hold !
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UNG
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Posted by cal1 on 16th of Dec 2016 at 09:48 am
If we grind down to 8.27, we might be able to close that gap down to 8.13. It almost looks like the MACD wants to keep falling. I'm hoping the bottom falls out.
UNG
Posted by mla127 on 16th of Dec 2016 at 09:52 am
The 3.36 area is decent support on the futures, so wouldn't suprise me if it try to muster a bounce here, but there's a lot of "thin air" underneath if this breaks, so having the bottom falling off is a good possibility if this area doesn't hold !