Natural Gas, Cup & Handle or RSI Bearish Divergence
At this point I am not sure what is going on with this chart...
One thing is obvious... there are some big entities behind these massive moves, it is most likely governments or big funds like BlackRock or alike. Retails are getting crushed on this ticker!
On one hand there is demand for winter, and on the other hand the supplies are getting filled for THIS winter in Europe.
If you plan for trading this ticker, be extra cautious.
I am sure that in the long run, we will go sub $6 ... but the timing is not so obvious.
One thing is obvious... there are some big entities behind these massive moves, it is most likely governments or big funds like BlackRock or alike. Retails are getting crushed on this ticker!
On one hand there is demand for winter, and on the other hand the supplies are getting filled for THIS winter in Europe.
If you plan for trading this ticker, be extra cautious.
I am sure that in the long run, we will go sub $6 ... but the timing is not so obvious.
I am the defender of the retail against the wolves of the wall street
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