A Naked Chart.
I don't think Natural Gas is range bound, my interpretation is thus: The Daily Chart, as well as the Weekly shows that it is in a clear uptrend, being traded well, I believe it is in the midst of a clean, albeit slow reversal from an overshot, oversold position.
Caution is advised trading this commodity, but I think the idea of shorting at this stage, in my humble opinion, is madness.
I've been wrong plenty of times before and yes, I play around trying to call exact turns on the hour with mixed results, but this is my conviction.
Gas is about to start an overall Macro wave 3 that could take the price back and even above previous ATHs of $16.
Caution is advised trading this commodity, but I think the idea of shorting at this stage, in my humble opinion, is madness.
I've been wrong plenty of times before and yes, I play around trying to call exact turns on the hour with mixed results, but this is my conviction.
Gas is about to start an overall Macro wave 3 that could take the price back and even above previous ATHs of $16.
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