NGAS
Updated
It's a good time short NGAS. as you can see, Stoch RSI indicates Overbrought, then trajectory is downtrend. The bottom of prices would be around 2.6
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EIA is going to give its official update on storage level at 10:30 a.m.ET. today, Although expectations of a big withdrawal helped fuel natural gas's gains this week, a potentially large withdrawal may have already been priced in. According to weather forecasts, warmer weather is coming in recent weeks,without more supportive weather in front of it, I think the reaction to Thursday's storage report would be something of a last chance for the market to rally, rather than the signal for a sustained move higher. This winter is over. Anything about $3 you got to be a seller.
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