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Gift for Natural Gas - Bulls

NYMEX:NGG2018   NATURAL GAS FUTURES
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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