Natural gas was off my radar for obvious reasons. I am starting to think it is getting ridiculously over priced and perhaps some noob hedgefunds have been already short squeezed or in the process of being squeezed. My plan is to short now (3% at my portfolio) and if we go the the next resistance, around 8.5$ I will commit another 3%. Target take profit around...
Let NTPC break the black line and can enter short for a good 2-3 points.
Broken trend line EOD Friday does not concern me; just normal dip before close/weekend. Pre market has easily regained the trend and is holding strong above support. Possible dip buy opportunity near open around 1.02 - 1.04 area. Looking at PT1 1.18-1.20 PT2 1.34-1.36 10 minutes ago Comment: Forgot to mention the large amounts of accumulation last week.