Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

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Wouldn't be surprised to see them try to take out as many stops as they can before the pullback. Hopefully they do it tonight so that when the market opens tomorrow, it will start the pullback.

But I am going to be cautious on any pullback, as the NG weekly chart looks bullish on the Ichimoku cloud, and the RSI still has room to run.




NG broke a major resistance at 3.20 and now that should act as support.


I will be looking for some type of divergence in NG with the RSI if it goes bullish after (if) a pullback.