Nat gas had an epi +8% rally today.
The question is do the bull have more gas left in the tank or do the bears start to take over and press price lower?
We had news across the energy sector that spiked most energy assets.
Typically news based pops of this nature don't last.
If we get back above 3.84/3.85 then there might be a convincing opportunity to press this long
As of now i still lean bearish but holding no Nat Gas position.
The question is do the bull have more gas left in the tank or do the bears start to take over and press price lower?
We had news across the energy sector that spiked most energy assets.
Typically news based pops of this nature don't last.
If we get back above 3.84/3.85 then there might be a convincing opportunity to press this long
As of now i still lean bearish but holding no Nat Gas position.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.