In the beginning, of the year, it was time to buy for the Summer.
Now, Summer is here and here we are.
Price has overshot and with plenty of gas in storage, it's time for me to short the Summer contract here.
Short August(Q)
Long NG Equities
Now, Summer is here and here we are.
Price has overshot and with plenty of gas in storage, it's time for me to short the Summer contract here.
Short August(Q)
Long NG Equities
Trade closed: stop reached
Squeezed outNote
Note that price perfectly tapped the fib extensions and hit a ceiling at the 1.618 This looks like the top for this cycle. Note
Price could not sustain over the 1.618 extension. Sooner or later the most low risk buy opportunity would be at the retracement level below. Waiting for more consolidation 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.