Bud, any reason for $NATGAS to move up? 20dma is current resistance and spring is around the corner (depends where you are :), could pull back to 8.75 before any significant advance, JMHO
Thats exactly what i see, but i'll wait till the natural gas report comes out, maybe will sell rally, or just sell puts. Boon saying it'll be in $14 range this year.
N.Gas is at its 10 day moving average, if break (which is around 9500) next resistance is at upper Bollinger Band whichis around 10300. If does not break the 10day average, move down to 50day moving average which is right on lower Bollinger Band at 8750. Just my tech. analysis, lets see how right i am. (Thanks to Guitarmusic for convincing me techs work, if i would listen earlier, lots of red could have been avoided, lol.)
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