Weekly – Three weeks up. Trade pressures are up. Volumes are bullish.
Daily – Flat. 14 days up. Trade pressures are up but declining. Volumes are now neutral.
The next target u[p is 62.49.
At price extension targets , looking for a pullback. A close below 58.36 would signal lower.
[12-24-19: raise the new short entry to a close below the prior week’s low of 60.02.]
NAT GAS_ NGF20
Weekly -In the down trend. Trade pressures are down but rising. Volumes are neutral for 3 weeks.
Daily – Long. In the second move up from the 2.30 long entry. Trade pressures are up. Volumes are bullish.
The next target up is 2.44.
A close below 2.18 would signal lower.
Set the stops at the 2.18 level.
[12-24-19: stopped out for a loss at the 2.18 level.]