Yes, the attempt to catch the bottom in natural gas ended in failure. Let it be a lesson for the future. Just because something looks cheap and low doesn’t mean it can’t go even lower — and the question is whether your margin and nerves can handle the drawdown. In short — it's a bad path.
It’s too late to short, too early to go long.
I think we’ll most likely head toward the $3 level, and from there we’ll see: will it break or hold? Ideally, I’d like to wait for a proper long setup at that level.
It’s too late to short, too early to go long.
I think we’ll most likely head toward the $3 level, and from there we’ll see: will it break or hold? Ideally, I’d like to wait for a proper long setup at that level.
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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.