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Friday, August 12, 2016 2:13:14 PM
http://etfdailynews.com/2016/08/11/the-technical-reasons-why-natural-gas-prices-are-set-to-skyrocket/
http://www.thegoldandoilguy.com/wp-content/uploads/2016/08/NG4cst.png
During the last stock market top in 2007-2008 the price of natural gas completed a basing pattern (bottom) and broke out and had a massive rally. Will this happen again this time around?
Based on the stock market stage analysis, market sentiment, and the price action of natural gas, it appears the stock market is topping and natural gas is on the verge of a breakout and rally.
The price of natural gas moves in strange ways, and I mention this to subscribers when its taking place. I found that on when there is fear in the stock market and stocks are down along with almost every other asset class (this is rare), that natural gas is typically the only asset and/or commodity trading higher those days. I’m not 100% sure what to make of it, but I have seen this repeatedly over the years.
I am long here.
Disclaimer: Do not ever buy a stock because of my opinions ever because you can lose everything. Nothing I say is ever a recommendation, but just an opinion. Don't Buy, Don't Buy as Cramer would say on CNBC. Do your OWN DD.
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