Posted by ectoplasm on 22nd of Jan 2020 at 10:12 pm
Last week Steve posted an
Natgas
Article in WSJ about "Hedge funds and other money
managers have built up the largest bet in more than a decade that
natural-gas prices will fall".
The chart/s below suggests that a complex correction is
occurring in Natgas with lower prices to come. See 4 Hr and monthly
Twitter chart below.
Twitter (primary source/s acknowledged) suggest that
coffee is also in a similar pattern with lower prices to come. One
has to trade the break when it occurs...
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Update: UGAZ follow up
UGAZ follow up
Posted by matt on 22nd of Jan 2020 at 09:38 am
$NATGAS - Chart Link - following up again on Natural gas, remember the 2016 lows is around 1.60.
Last week Steve posted an
Posted by ectoplasm on 22nd of Jan 2020 at 10:12 pm
Last week Steve posted an Natgas Article in WSJ about "Hedge funds and other money managers have built up the largest bet in more than a decade that natural-gas prices will fall".
The chart/s below suggests that a complex correction is occurring in Natgas with lower prices to come. See 4 Hr and monthly Twitter chart below.
Twitter (primary source/s acknowledged) suggest that coffee is also in a similar pattern with lower prices to come. One has to trade the break when it occurs...