Natral gas buy opportunityThursday EIA inventory report showed that inventories rose by 102 bcf. That is eleventh consecutive week that inventories are above their 5 year average. That pushed prices down to test previous support and making double bottom structure. Chart structure is good for bounce and signalling some gains for long positions.
Henryhub
#NGAS- UPDATE- SHORTS INTO THE BOTTOM OF THE RANGE TO MEAN #GASTraders,
UPDATE: We've had a great downside move since I posted recently. Had a very nice bearish move, and still holding confidently.
An update on my previous NGAS idea. Well to anyone in my signals group who caught this one, we made some great money, hit our target and did great. Was a fantastic trade.
-----Interested in joining my professional signals group, or receiving my professional online trading tuition? Message me here on Trading view or email me with the email address on my Trading view profile page-----
Thanks for your support,
Tom