NG "Its Gonna Be A Long Cold Winter" rally lasted 15 days. 13-16 days is the norm. Rally ran out of gas when NG hit the real resistance $2.6-$2.7s. been retesting Dec 2014 gap $3.35-$3.45 last couple days.
UGAZ $19.64-$49.68 about 150% window.
NG event about to take place. NG storage report will drop below the 5yr average, a bullish event by any standard, most likely this week, the week before Christmas. Last year we saw a similar situation in which traders were faced with, should I get in before Christmas or spend the holiday thinking about NG vs time with kids wife and or girlfriend. Decision time: Are you going to get the GI Joe with the Kunfu Grip this week or wait and see if it goes on sale?
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