Natural Gas Continues to Defy the Depressed Energy Sector By MPtrader
* October 31, 2014
Natural Gas has followed the script off of Tuesday’s low at 3.541 to my optimal initial target of 3.95-4.00.
My sense is that it needs to take a breather here, which might compel me to exit my most recent United States Natural Gas (UNG) long position at 19.45.
That said, however, my medium-term work is in a very promising and powerful juxtaposition, which "warns" me to stay long for a run at 4.09-4.12 next.
I will opt to stay long for a run at 21.10/30 in UNG (last in UNG is 20.38/39).
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Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must! gtsourdinis
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