markrivest
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Gift for Natural Gas - Bulls

NYMEX:NGG2018   NATURAL GAS FUTURES (FEB 2018)
February 2018 Natural Gas Futures             has an interesting double top at 3.32.
The daily 200 day SMA is just below this level.

If there is a break out above
3.32 - price will also be decisively above the 200 day SMA .
A break out above clear resistance could trigger huge buying, quickly moving
price higher. 3.70 could be reached in a week.

Mark
This was spot on, perfecto analysis by Mr.Rivest A gift for the bulls is exactly... what this trade turned out to be !

After breaking above 3.32 on 1/23 ,Feb 18' Natural Gas aided by short covering quickly rose another 30 cents,.. to a 362.8 High.

From the 2.56 Low late in 2017, Natural Gas has broken out to the upside, now with a potential measured move up to $3.00 possible

Long term weather forecast's out today for Feb 2018 has much of the East Coast inside another Arctic Dome,

that will send temperatures plunging for 2-3 weeks. This forecast obviously lit a fire under the trade today.


THE_UNWIND




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markrivest The_Unwind
@The_Unwind,

Hi

Thanks for the compliment.

Mark

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