Nattie’s Ugly Reversal

After hitting a 52-week just above a key resistance this morning,  the Natural Gas Jan. futures reversed 5 percent to close at almost the low the of day in after hours trading.

Note today’s outside day or bearish engulfing candlestick on the chart below.  After two two days of long wicks on the candlesticks and a stunning 47 percent move higher since November 9th,  can there be a better short set up, we ask?

Nattie is one difficult beast to ride and trade and the trade needs to monitored carefully.   Your trading pure jet fuel here, folks.

We don’t know where the price will be tomorrow.   There could be a huge draw on the EIA data or temps could drop to 75 below in Chicago, or, whatever.    But risk/reward screams, “go short, young man.”    If you can make money shorting this chart,  we think you never will.

Always with a stop!

nattie

Advertisements
This entry was posted in Natural Gas and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s