Yes, the attempt to catch the bottom in natural gas ended in failure. Let it be a lesson for the future. Just because something looks cheap and low doesn’t mean it can’t go even lower — and the question is whether your margin and nerves can handle the drawdown. In short — it's a bad path.
It’s too late to short, too early to go long.
I think we’ll most likely head toward the $3 level, and from there we’ll see: will it break or hold? Ideally, I’d like to wait for a proper long setup at that level.
It’s too late to short, too early to go long.
I think we’ll most likely head toward the $3 level, and from there we’ll see: will it break or hold? Ideally, I’d like to wait for a proper long setup at that level.
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