View: gas.png

gas.png

Natural gas's continuation pattern didn't break down like I thought it might and instead continued chugging along. What has ended up happening is the EMA(13) is imminently about to cross over the EMA(34) because they have been moving horizontally for so long they've ended up converging just as the heating season begins.

Comments

Danja ZownDanja Zown
I have decided to recant my prediction of a rise in natural gas. I believe UNG will break down, not only from it's current continuation pattern BUT ALSO the long term declining red channel. 10/9/14
Danja ZownDanja Zown
I have decided to recant my prediction of a rise in natural gas. I believe UNG will break down, not only from it's current continuation pattern BUT ALSO the long term declining red channel. 10/9/14
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